International edition
September 27, 2020

All of the shares will be offered by the company

Progressive Gaming announces proposed public stock offering

(US).- Progressive Gaming International Corporation announced it plans a proposed public offering of up to 9,000,000 shares of its common stock. In connection with the offering, the company also plans to grant the underwriter a 30-day option to purchase up to 1,350,000 additional shares of its common stock to cover over-allotments, if any. All of the shares will be offered by the company.

I

n connection with the offering, the company also plans to grant the underwriter a 30-day option to purchase up to 1,350,000 additional shares of its common stock to cover over-allotments, if any. All of the shares will be offered by the company.

Progressive Gaming International Corporation intends to use proceeds from the proposed public offering to repay debt, in particular to repay us$ 10 million outstanding under its Senior Credit Facility and to fund its us$ 15 million pending redemption of its 11.875% Senior Notes and for general corporate purposes.

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