Affinity Gaming, together with its subsidiaries, owns and operates casinos in the United States. The company operates 11 casinos, including 5 in Nevada, 3 in Colorado, 2 in Missouri, and 1 in Iowa, as well as 3 gas station/convenience stores in Nevada and a lottery outlet in California. As of December 31, 2015, its casino operations consisted of approximately 288,400 square feet of gaming space with 6,929 and 131 table games, as well as hotel operations comprised of 3,125 hotel rooms. Affinity Gaming is headquartered in Las Vegas, Nevada.
3755 Breakthrough Way
Las Vegas, NV 89135
Affinity Gaming Enters into a First Amendment to Credit Agreement
Oct 6 16
On September 30, 2016, Affinity Gaming entered into a First Amendment to Credit Agreement by and among the Company, the Subsidiary Guarantors, and Credit Suisse AG, Cayman Islands Branch (the Administrative Agent), as administrative agent for and on behalf of the Lenders and as collateral agent for the Secured Parties. The Amendment modifies that Credit Agreement, dated as of July 1, 2016, by and among the company, the Lenders, the Administrative agent and certain financial institutions. The Amendment provides for additional Initial Term Loans, in an aggregate principal amount of $30.0 million, to be made by one or more of the existing Lenders or their assignees in connection with the acquisition of the capital stock of the company by affiliates of Z Capital Partners, L.L.C. other investors pursuant to an Agreement and Plan of Merger, dated as of August 22, 2016, by and among the Company, Z Capital Affinity Owner, LLC, and Affinity Merger Sub Inc. The Additional Loans will be fully funded substantially concurrently with the closing of the Acquisition and the effective date of the Amendment (the Acquisition Closing Date), and will automatically be deemed Initial Term Loans and part of the Initial Term Facility on terms and conditions, including rates of interest and maturity dates, identical to the Initial Term Loans currently outstanding. Further, each of the Additional Loans will be added, on a pro rata basis, to each Borrowing of Initial Term Loans outstanding as of the Acquisition Closing Date and, at the election of the company, have the same Interest Period as the Borrowing to which such Additional Loan has been added. The company intends to use the proceeds from the Additional Loans to pay its obligations under the Merger Agreement and certain related transaction expenses. The Amendment also modifies the Existing Credit Agreement to reflect (i) the terms and conditions of the Additional Loans, (ii) the pendency and anticipated consummation of the Acquisition, (iii) the anticipated entry of the company into a Second Lien Term Loan Agreement, and (iv) the anticipated entry of the company into an Intercreditor Agreement, to be dated as of the Acquisition Closing Date, by and among the Administrative Agent, the Second Lien Agent, the company and certain other parties. These modifications include, but are not limited to: covenants not to exceed a maximum second lien principal amount; a reduction from $70.0 million to $50.0 million in the unadjusted maximum amount of incremental debt permitted to be incurred by the company; and an increase in the maximum management, monitoring, transaction and advisory fees payable in any fiscal year to any of the Sponsors from (a) the greater of 5.0% of Consolidated EBITDA and $4.0 million to (b) the greater of 5.0% of Consolidated EBITDA and $5.0 million. The effectiveness of the Amendment and of the Amended Credit Agreement are conditioned upon the closing of the Acquisition and, among other customary conditions, the payment of an amendment fee by the company to the Administrative Agent, for the account of each Lender who executed a Consenting Lender Agreement on or prior to a date agreed to by Z Capital, in an amount equal to 0.20% of the sum of the principal amount of such Lender's commitments and outstanding loans under the Existing Credit Agreement.
Affinity Gaming Presents at Credit Suisse Global Credit Products Conference 2016, Sep-23-2016
Sep 14 16
Affinity Gaming Presents at Credit Suisse Global Credit Products Conference 2016, Sep-23-2016 . Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, FL 33141, United States. Speakers: Walter Bogumil, Chief Financial Officer, Senior Vice President and Treasurer.
Affinity Gaming Presents at Gaming Investment Forum at G2E, Sep-27-2016
Sep 14 16
Affinity Gaming Presents at Gaming Investment Forum at G2E, Sep-27-2016 . Venue: Sands Expo and Convention Center, 201 Sands Avenue, Las Vegas, NV 89169, United States. Speakers: Walter Bogumil, Chief Financial Officer, Senior Vice President and Treasurer.