{"id":23,"date":"2024-06-11T03:49:51","date_gmt":"2024-06-11T00:49:51","guid":{"rendered":"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/"},"modified":"2024-06-12T10:30:45","modified_gmt":"2024-06-12T07:30:45","slug":"ainsworth-secures-35-million-credit-facility-with-wells-fargo","status":"publish","type":"post","link":"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/","title":{"rendered":"Ainsworth 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\/yOns1xKhyOg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Australian gaming machine manufacturer, Ainsworth Game Technology (AGT), has obtained a fresh five-year, $35 million credit line with Wells Fargo Bank National Association (WAB). Under the agreement, Ainsworth&#8217;s American branch, Ainsworth Game Technology Inc., will serve as the debtor, while its parent entities within the AGT group &#8211; AGT Pty Ltd and Ainsworth Game Technology Limited &#8211; will furnish guarantees.<\/p>\n<p>This recent capital infusion supersedes a prior credit accord AGT held with ANZ Bank, effectively eliminating the company&#8217;s liabilities. Ainsworth intends to disclose further particulars regarding the funding upon the release of its unaudited financial statements on February 25th.<\/p>\n<p>Earlier this month, AGT declared a cash reserve of AU$24 million and a net debt of AU$15 million as of December 31, 2020.  Despite a difficult year marked by a 33% revenue contraction compared to the preceding year, the firm realized a 71% revenue surge for the six months concluding December 31, 2020, relative to the latter half of the 2020 fiscal year, attaining US$72 million.  Looking forward, AGT projects its underlying EBITDA for the initial half of fiscal year 2021 to reach US$6 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian gaming machine manufacturer, Ainsworth Game Technology (AGT), has obtained a fresh five-year, $35 million credit line with Wells Fargo Bank National Association (WAB). Under the agreement, Ainsworth&#8217;s American branch, Ainsworth Game Technology Inc., will serve as the debtor, while its parent entities within the AGT group &#8211; AGT Pty Ltd and Ainsworth Game Technology [&hellip;]<\/p>\n","protected":false},"author":14,"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 $35M Credit Line with Wells Fargo<\/title>\n<meta name=\"description\" content=\"Gaming machine manufacturer Ainsworth Game Technology (AGT) lands a new $35 million credit facility with Wells Fargo, replacing its previous agreement with ANZ.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ainsworth Secures $35 Million Credit Facility with Wells Fargo\" \/>\n<meta property=\"og:description\" content=\"Gaming machine manufacturer Ainsworth Game Technology (AGT) lands a new $35 million credit facility with Wells Fargo, replacing its previous agreement with ANZ.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Informed with the Latest Casino News &amp; Licensed Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T00:49:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:30:45+00:00\" \/>\n<meta name=\"author\" content=\"Ava &quot;Aurora&quot; Walker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ava &quot;Aurora&quot; Walker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/\",\"url\":\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/\",\"name\":\"Ainsworth Game Technology Secures $35M Credit Line with Wells Fargo\",\"isPartOf\":{\"@id\":\"https:\/\/100freespinsnodepositbookofdead.icu\/#website\"},\"datePublished\":\"2024-06-11T00:49:51+00:00\",\"dateModified\":\"2024-06-12T07:30:45+00:00\",\"author\":{\"@id\":\"https:\/\/100freespinsnodepositbookofdead.icu\/#\/schema\/person\/33f940b4ff11a425b39332d13353d723\"},\"description\":\"Gaming machine manufacturer Ainsworth Game Technology (AGT) lands a new $35 million credit facility with Wells Fargo, replacing its previous agreement with ANZ.\",\"breadcrumb\":{\"@id\":\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/11\/ainsworth-secures-35-million-credit-facility-with-wells-fargo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/100freespinsnodepositbookofdead.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ainsworth Secures $35 Million Credit Facility with Wells Fargo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/100freespinsnodepositbookofdead.icu\/#website\",\"url\":\"https:\/\/100freespinsnodepositbookofdead.icu\/\",\"name\":\"Stay Informed with the Latest Casino News &amp; Licensed Games\",\"description\":\"Experience the excitement of licensed online gambling with our comprehensive news, in-depth reviews, and expert insights. 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