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Galaxy Gaming ( (GLXZ) ) has provided an announcement.
Galaxy Gaming, Inc. announced the successful refinancing of its outstanding debt with a new Credit Agreement with BMO Bank N.A., replacing its previous loan with Fortress Credit Corp. This refinancing reduces the company’s total outstanding debt by $12.6 million, lowers interest rates, extends maturities, and achieves approximately $2.8 million in annual interest savings, enhancing financial flexibility and supporting growth initiatives.
More about Galaxy Gaming
Headquartered in Las Vegas, Nevada, Galaxy Gaming develops and distributes innovative games, bonusing systems, and technology solutions to physical and online casinos worldwide. They are the world’s leading licensor of proprietary table games to the online gaming industry with 130 licenses globally, including licenses in 28 U.S. states.
YTD Price Performance: 0.36%
Average Trading Volume: 39,430
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $68.5M
For a thorough assessment of GLXZ stock, go to TipRanks’ Stock Analysis page.
