September 7th, 2021
Kirkland, WA –(Marketwire – Sept 7th, 2021) – Maverick Gaming announced today that it has refinanced into a new $310 million term loan B and a $55 million revolving credit facility led by Deutsche Bank, Credit Suisse, Jefferies Group and US Bank. With this refinancing, Maverick Gaming has retired all outstanding debt held by HG Vora.
“This is an important milestone for Maverick Gaming as we have successfully filled our first public debt offering. HG Vora has been instrumental in Maverick Gaming’s growth and success, and we are pleased they chose to participate in our debt offering along with Angelo Gordon as well as a number of highly respected financial institutions” said Maverick Gaming CEO Eric Persson. “Refinancing will allow Maverick to quickly de-lever and pursue strategic opportunities – particularly in Washington when they arise.”
As part of this transaction Maverick Gaming executed a sale of the land under The Wendover Nugget Hotel and Casino, The Red Garter Hotel and Casino, Grand Z Casino Hotel Central City and Johnny Z Casino Central City to Angelo Gordon.
ABOUT MAVERICK GAMING LLC
Maverick Gaming is majority owned and was founded by gaming industry veterans Eric Persson, who previously served as Global SR Vice President of Slots at Las Vegas Sands and Justin Beltram, former Vice President of Slots at Bellagio and Marina Bay Sands. Together they bring over 30 years of gaming experience spanning gaming markets around the world including the Las Vegas Strip (Venetian, Palazzo, Bellagio), Macau (Sands China Limited), Singapore (Marina Bay Sands), and many regional markets in North America.
Maverick Gaming is located in Kirkland, Washington and currently owns four casino and hotels in Nevada, three casinos and one hotel in Colorado and nineteen card rooms in Washington.