Headwaters advised American Gaming Systems, Inc. of Henderson, NV, a portfolio company of Alpine Investors, LP on a debt refinancing led by UBS AG.

“American Gaming Systems has a unique and powerful business model. AGS has a strong base of recurring revenue, market leading content development capabilities, and a world class management team leading them into new growth markets such as Illinois. Headwaters partnered with UBS who did an excellent job leading and arranging a new debt facility that brought the company a terrific new investor base” said Philip W. Seefried, Chief Executive Officer of Headwaters MB. 

Robert Miodunski, Chief Executive Officer of AGS commented, “We are very excited about the near term opportunities for our company. This refinancing gives our team the runway to execute on our growth strategy.”

Graham Weaver, President of AGS and managing partner at Alpine, said, “Headwaters was committed to our objectives and helped us to explore a number of potential financing avenues; we appreciated their hard work, dedication and advocacy throughout our process.”

Jack Maier, Head of Investment Banking at Headwaters, added “Headwaters has built an excellent track record in helping companies develop the optimal capital structure at the lowest cost. In the past 18 months, we have helped our middle market clients raise over $700,000,000 of debt capital and we are active on a number of transactions currently.”

About American Gaming Systems
American Gaming Systems, Inc. designs, manufactures, and operates gaming machines. It offers slot machines and video gaming machines, and server-based gaming and wide-area progressives. The company has operations in Oklahoma, California, Florida, New Mexico, Michigan, Maryland, Washington, Texas, New York, Louisiana, Oregon, Arizona, Minnesota, and South Dakota. The company was founded in 1996 and is headquartered in Canoga Park, California. It has sales, service, and development centers in Henderson, Nevada; Itasca, Illinois; Oklahoma City, Oklahoma; San Francisco, California; Orlando, Florida; and Concord, Canada. For more information visit, http://www.americangamingsystems.com