{"id":7792,"date":"2024-08-30T05:55:03","date_gmt":"2024-08-30T05:55:03","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/08\/30\/deutsche-bank-leads-4-325-billion-financing-for-apollos-major-casino-equipment-acquisition\/"},"modified":"2024-08-30T05:55:03","modified_gmt":"2024-08-30T05:55:03","slug":"deutsche-bank-leads-4-325-billion-financing-for-apollos-major-casino-equipment-acquisition","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/08\/30\/deutsche-bank-leads-4-325-billion-financing-for-apollos-major-casino-equipment-acquisition\/","title":{"rendered":"Deutsche Bank Leads $4.325 Billion Financing for Apollo\u2019s Major Casino Equipment Acquisition"},"content":{"rendered":"
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Leading a massive $4.325 billion bond and loan package, Deutsche Bank AG is assisting Apollo Global Management Inc. in its risky takeover of two significant providers of gaming equipment. One of the biggest decisions of the year in the gaming industry, where high-profile acquisitions are uncommon, is this financing arrangement.<\/p>\n

Apollo\u2019s Ambitious Acquisition Plan<\/strong><\/h2>\n

Apollo\u2019s strategic initiative involves a $6.3 billion acquisition of Everi Holdings Inc. and the gaming and digital segments of International Game Technology Plc-IGT. Originally, Everi and IGT had planned to merge independently. However, Apollo\u2019s aggressive acquisition strategy has disrupted the industry, surprising many stakeholders.<\/p>\n

Under this transformative deal, Apollo\u2019s newly established subsidiary, Apollo Funds, will acquire both Everi Holdings and IGT\u2019s gaming and digital operations. This acquisition will privatize these previously public entities. Shareholders of Everi will receive $14.25 per share in cash, while IGT will secure approximately $4.05 billion in gross cash from the sale of its gaming operations.<\/p>\n

The financing package led by Deutsche Bank and Macquarie Capital follows their previous involvement in a $3.7 billion offer for an earlier merger deal between IGT and Everi. The current financing structure includes high-yield bonds and leveraged loans, although final details are still being refined. The substantial $4.325 billion financing underscores the massive capital required for such a significant acquisition.<\/p>\n

This deal marks a pivotal shift in the gaming industry, emphasizing Apollo\u2019s role in reshaping the sector\u2019s landscape with this high-profile acquisition.<\/p>\n

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