Summary by Moomoo AI
On January 29, 2024, PlayAGS, Inc. announced its intention to explore refinancing options for its term loan credit facility, potentially reducing the interest rate. The company also indicated it may voluntarily repay up to $15 million of its total outstanding debt as part of the refinancing process. Alongside this announcement, PlayAGS provided preliminary estimated financial data for Q4 2023, which has not yet been audited. The preliminary data suggests a range of revenues between $92.5 million and $94.5 million, a net income (loss) between $(2) million and $2 million, and an Adjusted EBITDA between $41 million and $43 million for the quarter ended December 31, 2023. These figures represent an increase from the same period in the previous year. The finalized and audited financial results for Q4 2023 are expected to be released on March 5, 2024. The company cautions that these forward-looking statements are subject to risks and uncertainties, and actual results may differ materially.