United Gaming has entered into a new $75 million senior secured asset-based credit facility with Boston-based Summit Partners acting as the single lender.
The facility includes multiple draw options to facilitate the company’s plans for future expansion.
“This facility was thoughtfully designed to fit our company’s needs as we execute on our vision to transform UG into a growth company,” said Bunty Doshi, CEO of UG. “This asset-based loan structure will provide us with maximum flexibility to invest in coin operated amusement machine routes, an approach that we believe will serve to strengthen the business on many fronts.”
Imperial Capital, Arbitrage Capital and Bennett Thrasher advised United Gaming in negotiating terms of the credit facility. Rajiv Khanna and Robert Glentzer of Buchanan, Ingersoll and Rooney, Menden Frieman, and long-time counsel Paul Oeland served as legal counsel for the company.
Founded in 2009, United Gaming is one of the largest private sector Class B Master Licensees of COAMs in the state of Georgia.
