PlayAGS Inc, the designer and supplier of electronic gaming machines and other products and services for the gaming industry, has announced the closing of its previously announced secondary public offering of shares of the company’s common stock by Apollo Gaming Holdings LP at a price to the public of $29.25.
The offering amounted to 5,500,000 shares. The underwriters will have a 30-day option to purchase up to an additional 825,000 shares of common stock from the selling stockholder. PlayAGS has reiterated that it did not sell any shares and did not receive any proceeds from the offering.
Credit Suisse, Deutsche Bank Securities, Jefferies, and Macquarie Capital acted as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel, and SunTrust Robinson Humphrey acted as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, LP, and Apollo Global Securities acted as co-managers for the offering.
The offering was made only by means of a prospectus.