{"id":131,"date":"2024-06-15T07:41:59","date_gmt":"2024-06-15T04:41:59","guid":{"rendered":"https:\/\/luckycreek100nodepositbonus.icu\/2024\/06\/15\/ainsworth-game-technology-secures-35-million-credit-facility-with-wells-fargo\/"},"modified":"2024-06-17T13:11:09","modified_gmt":"2024-06-17T10:11:09","slug":"ainsworth-game-technology-secures-35-million-credit-facility-with-wells-fargo","status":"publish","type":"post","link":"https:\/\/luckycreek100nodepositbonus.icu\/2024\/06\/15\/ainsworth-game-technology-secures-35-million-credit-facility-with-wells-fargo\/","title":{"rendered":"Ainsworth Game Technology Secures $35 Million Credit Facility with Wells Fargo"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/QX6JPsPlOVk\"\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 obtained a substantial capital infusion via a fresh $35 million credit facility with Wells Fargo Bank, a prominent US financial entity. This quinquennial agreement supersedes AGT&#8217;s prior funding arrangement with ANZ.<\/p>\n<p>The credit line will be overseen through AGT&#8217;s US branch, Ainsworth Game Technology Inc., with the Australian parent entities, AGT Pty Ltd and Ainsworth Game Technology Limited, serving as sureties. AGT utilized $28 million of the new credit line to retire outstanding obligations due to ANZ.<\/p>\n<p>This development follows AGT&#8217;s favorable financial statement for the half-year concluding December 31, 2020.  Despite the previous year&#8217;s hurdles, the firm posted $72 million in income, a 71% surge compared to the preceding six months.  Though still 33% lower than the prior year, AGT forecasts a return to profitability in the initial half of 2021, projecting earnings before interest, taxes, depreciation, and amortization (EBITDA) to hit $6 million.<\/p>\n<p>Shareholders and industry observers will be eager to glean further information regarding the specifics of the new funding arrangement when AGT publishes its unaudited financial outcomes on February 25th. <\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >Ainsworth Game Technology (AGT) has obtained a substantial capital infusion via a fresh $35 million credit facility with Wells Fargo Bank, a prominent US financial entity. This quinquennial agreement supersedes AGT&#8217;s prior funding arrangement with ANZ. The credit line will be overseen through AGT&#8217;s US [&hellip;]<\/p>\n","protected":false},"author":57,"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 Game Technology Secures $35 Million Credit Facility<\/title>\n<meta name=\"description\" content=\"Gaming industry leader Ainsworth Game Technology (AGT) has partnered with Wells Fargo Bank for a new $35 million credit facility, replacing its previous agreement with ANZ. 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