Bally Technologies Inc., a Las Vegas-based gaming technology service provider, announced yesterday that it has acquired $300 million of new senior secured credit facilities comprised of a $75 million, four-year revolving credit facility and a $225 million four-year term loan.
According to a prepared statement, the company plans to use the net proceeds to refinance its existing term loan of $290 million outstanding as of June 30, 2008.
“Our new senior secured credit facilities will give Bally incremental liquidity and flexibility to operate and continue to grow our business,” Robert C. Caller, chief financial officer of Bally, said in the statement.