Loan & DebtSep 25, 2026, 12:03 PM
Galaxy Gaming Amends Credit Agreement, Increases CapEx Limit
AI Summary
Galaxy Gaming, Inc. has entered into a Second Amendment to its Credit Agreement with BMO Bank N.A. The amendment increases the annual capital expenditure limitation to 10% of the prior year's net revenue and allows for a one-time EBITDA addback of $505,361. This addback is specifically for determining compliance with certain financial ratios and relates to state sales/use tax assessments recognized in the second quarter of 2026. The adjustments will be applicable for the four quarters following the quarter ended June 30, 2026.
Key Highlights
- Galaxy Gaming amended its Credit Agreement with BMO Bank N.A.
- Annual capital expenditure limitation increased to 10% of prior year's net revenue.
- Approved a one-time EBITDA addback of $505,361 for compliance with financial ratios.
- The addback is for specific state sales/use tax assessments recognized and paid in Q2 2026.
- The addback applies to Total Funded Debt/EBITDA Ratio, Minimum EBITDA, and Fixed Charge Coverage Ratio calculations for the four quarters following Q2 2026.
Price Impact
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