PlayAGS, Inc.’s $100.5 Million Common Stock Offering


Cahill represented the underwriters and joint book-running managers in connection with a secondary public offering of 4,675,000 shares of the PlayAGS’s common stock by Apollo Gaming Holdings, L.P., priced at $21.50 per share for an aggregate public offering price of $100,512,500. PlayAGS, Inc. did not sell any shares and did not receive any proceeds from the offering.

Credit Suisse, Deutsche Bank Securities, Jefferies, Macquarie Capital, BofA Merrill Lynch, Citigroup, Nomura, Stifel, SunTrust Robinson Humphrey acted as Joint Book-Running Managers on the offering.

PlayAGS, Inc. manufactures and supplies electronic gaming products. The Company focuses on providing slot and video bingo machines, table games, and casino equipment for players and operators. The company, led by David B Sambur, David B Lopez and Kimo Akiona, in 2017 recorded $212 Million Revenues.

Cahill advised with a team including William M. Hartnett, Marc R. Lashbrook (Picture), Michael A. Sherman, Hillary Bailey, Patrick Gordon, Alicia Harris and Kostantinos V. Skordalos

Involved fees earner: William Hartnett – Cahill Gordon & Reindel; Marc Lashbrook – Cahill Gordon & Reindel; Michael Sherman – Cahill Gordon & Reindel; Hillary Bailey – Cahill Gordon & Reindel; Patrick Gordon – Cahill Gordon & Reindel; Alicia Harris – Cahill Gordon & Reindel; Kostantinos Skordalos – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Credit Suisse; Deutsche Bank Securities; Jefferies; Nomura; SunTrust Robinson Humphrey, Inc.; Stifel Financial Corp.; Macquarie Capital;

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Author: Ambrogio Visconti