United Gaming Continues Its Industry Consolidation with its Twentieth Acquisition of a Legacy Georgia COAM Company investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
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STOCKBRIDGE, Ga., Dec. 15, 2020 /PRNewswire/ United Gaming LLC ( the company or UG ), the largest operator of coin-operated amusement machines (COAMs) in the State of Georgia, announced that it had recently entered into a new senior secured $250-million multi-draw credit facility (the Credit Facility ) with a New York-based investment group acting as agent. The Credit Facility includes incremental committed borrowing available for future expansion. At the time of closing, the use of the proceeds included fees, refinancing of an existing facility, acquisitions, capital expenditures, and general corporate purposes.
United Gaming LLC This new facility was structured to meet UG s upcoming needs to manage and implement its extensive growth plans with several intellectual property projects, continue its consolidation plans to build the enterprise value, and establish a robust management team for future scale, said UG CEO, Bunty Doshi.