LAS VEGAS, Aug. 8, 2018 /PRNewswire/ -- PlayAGS, Inc.
(NYSE:AGS) ("PlayAGS", "AGS" or the "Company"), a leading designer
and supplier of electronic gaming machines and other products and
services for the gaming industry, today announced the pricing of a
secondary public offering of 5,500,000 shares of the Company's
common stock by Apollo Gaming Holdings, L.P. (the "Selling
Stockholder") at a price to the public of $29.25 per share. The underwriters will
have a 30-day option to purchase up to an additional 825,000 shares
of common stock from the Selling Stockholder. The Company is
not selling any shares and will not receive any proceeds from the
offering.
![AGS Logo (PRNewsfoto/AGS) AGS Logo (PRNewsfoto/AGS)](https://mma.prnewswire.com/media/654341/AGS_logo_R_Logo.jpg)
Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie
Capital are acting as joint book-running managers and as
representatives of the underwriters for the offering. BofA Merrill
Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are
acting as joint book-running managers for the offering. Roth
Capital Partners, Union Gaming, The Williams Capital Group, L.P.
and Apollo Global Securities are acting as co-managers for the
offering.
The offering is being made only by means of a prospectus.
A copy of the prospectus relating to the offering, when
available, may be obtained from any of the following sources:
- Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, One Madison Avenue,
New York, NY 10010, or by
telephone at (800) 221-1037 or by email at
newyork.prospectus@credit-suisse.com;
- Deutsche Bank Securities Inc., Attention: Prospectus Group, 60
Wall Street, New York, NY 10005,
or by telephone at (800) 503-4611, or by email at
prospectus.CPDG@db.com;
- Jefferies LLC, Attention: Prospectus Department, 520 Madison
Avenue, 2nd Floor, New York,
NY 10022, or by telephone at (877) 821-7388 or by email at
Prospectus_Department@Jefferies.com; or
- Macquarie Capital (USA) Inc.,
Attention: Syndicate Department, 125 West 55th Street,
L-22, New York, NY 10019, or by
telephone at (212) 231-0440 or by email at
MacquarieEquitySyndicateUSA@macquarie.com
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
About PlayAGS
AGS is a global company focused on
creating a diverse mix of entertaining gaming experiences for every
kind of player. Our roots are firmly planted in the Class II Native
American gaming market, but our customer-centric culture and growth
have helped us branch out to become a leading all-inclusive
commercial gaming supplier. Powered by high-performing Class II and
Class III slot products, an expansive table products portfolio,
highly-rated social casino solutions
for players and operators, and
best-in-class service, we offer an unmatched value proposition for
our casino partners. Learn more about us
at www.playags.com.
Forward-Looking and Cautionary Language
This
press release contains, and oral statements made from time to time
by our representatives may contain, forward-looking statements
based on management's current expectations and projections, which
are intended to qualify for the safe harbor of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements regarding the proposed public
offering and other statements identified by words such as
"believe," "will," "may," "might," "likely," "expect,"
"anticipates," "intends," "plans," "seeks," "estimates,"
"believes," "continues," "projects" and similar references to
future periods, or by the inclusion of forecasts or
projections. All forward-looking statements are based
on current expectations and projections of future events.
These forward-looking statements reflect the current views,
models, and assumptions of PlayAGS, and are subject to various
risks and uncertainties that cannot be predicted or qualified and
could cause actual results in PlayAGS's performance to differ
materially from those expressed or implied by such forward looking
statements. These risks and uncertainties include, but are
not limited to, the ability of PlayAGS to maintain strategic
alliances, unit placements or installations, grow revenue, garner
new market share, secure new licenses in new jurisdictions,
successfully develop or place proprietary product, comply with
regulations, have its games approved by relevant jurisdictions and
other factors set forth under "Risk Factors" in the registration
statement on Form S-3, filed with the Securities and Exchange
Commission on August 6, 2018.
All forward-looking statements made herein are expressly qualified
in their entirety by these cautionary statements and there can be
no assurance that the actual results, events or developments
referenced herein will occur or be realized. Readers are
cautioned that all forward-looking statements speak only to the
facts and circumstances present as of the date of this press
release. PlayAGS expressly disclaims any obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Contact Information
Julia Boguslawski, Chief
Marketing Officer & EVP of Investor Relations, AGS
o: 702-724-1125
e: jboguslawski@PlayAGS.com
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SOURCE AGS