Toronto-listed supplier NYX Gaming Group has entered into a debt refinancing agreement that will deliver around CAD$5m in annual interest savings and extend the maturity of some of its debt.
The company has entered into an agreement with ARES Management to refinance existing debt, reducing its annual cash interest payments by around 16 per cent, with the transaction expected to close in July.
Alongside the refinancing, NYX will also redeem all of its outstanding 11.0 per cent [...]
