{"id":151,"date":"2024-06-17T00:54:06","date_gmt":"2024-06-16T21:54:06","guid":{"rendered":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/17\/ainsworth-game-technology-secures-35-million-credit-facility-from-western-alliance-bank\/"},"modified":"2024-06-20T17:17:40","modified_gmt":"2024-06-20T14:17:40","slug":"ainsworth-game-technology-secures-35-million-credit-facility-from-western-alliance-bank","status":"publish","type":"post","link":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/17\/ainsworth-game-technology-secures-35-million-credit-facility-from-western-alliance-bank\/","title":{"rendered":"Ainsworth Game Technology Secures $35 Million Credit Facility from Western Alliance Bank"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/tMVK60U_JMs\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ainsworth Game Technology (AGT) has established a $35 million credit line with Western Alliance Bank (WAB).  This five-year agreement supersedes their prior financing deal with ANZ.<\/p>\n<p>The fresh credit facility is granted to Ainsworth&#8217;s US branch, with the Australian parent corporations serving as sureties. AGT utilized $28 million of the new credit to settle the remaining balance on their former loan with ANZ. <\/p>\n<p>Further information regarding the new financing structure will be disclosed when AGT publishes its unaudited financial outcomes on February 25th.<\/p>\n<p>Earlier this month, the Australian-listed firm announced a cash reserve of AUD$24 million and net liabilities of AUD$15 million as of December 31, 2020.  For the six months concluding December 31st, AGT&#8217;s income was US$72 million. This signifies a 71% rise compared to the latter half of their 2020 fiscal year, yet still a 33% decline compared to the corresponding timeframe in the preceding year.  Looking forward, the company anticipates favorable earnings for the initial half of 2021, forecasting roughly US$6 million in EBITDA. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ainsworth Game Technology (AGT) has established a $35 million credit line with Western Alliance Bank (WAB). This five-year agreement supersedes their prior financing deal with ANZ. The fresh credit facility is granted to Ainsworth&#8217;s US branch, with the Australian parent corporations serving as sureties. AGT utilized $28 million of the new credit to settle the [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ainsworth Ditches ANZ, Secures $35M Credit Line With Western Alliance Bank<\/title>\n<meta name=\"description\" content=\"Gaming giant Ainsworth has secured a new $35 million credit facility with Western Alliance Bank, replacing its previous financing deal with ANZ. 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