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Lucky Bucks (the “Company”), the largest digital skill-based coin operated amusement machine (COAM) route operator based in Atlanta, Georgia, announced today that it has completed an upsize on its existing credit facility, led by KeyBank N.A., raising an incremental $125 million in committed financing. The current upsize follows, and is in addition to, the $70 million in commitments raised in October of last year. The Company plans to use its incremental financing capacity to continue to capitalize on its acquisition strategy in distributed gaming and route-based operations in the State of Georgia.
Lucky Bucks Board Member Manu Sekhri said, “Our second facility upsize in less than six months highlights the level of acquisition activity that we see and are able to capitalize on in the market. We have been fortunate to continue to work with KeyBank and are grateful for their and our lender group’s long-term commitment to Lucky Bucks.”
“The closing of our latest credit facility upsize provides renewed capacity to execute on our core thesis of acquisitive growth in the Georgia market. As part of the transaction, we are pleased to welcome new lenders into our banking syndicate which will allow us to build on the momentum we see in the business,” commented Shravan Thadani, Managing Director at Trive.
About Lucky Bucks
Lucky Bucks is a digital skill-based coin operated amusement machine (COAM) route operator based in and incorporated under the laws of the State of Georgia in the U.S. Lucky Bucks is the holder of a Master License, and its machines are fully licensed and governed by the Georgia Lottery Corporation and offer players a variety of digital skill-based coin-operated amusement machines. Currently, Lucky Bucks is the largest route operator of skill-based gaming machines in the State of Georgia.