Australia-listed slot machine maker and digital content provider Aristocrat Leisure Ltd has completed a refinancing of its debt facilities, a move the firm says will strengthen its balance sheet and provide greater flexibility for growth initiatives.
In a Wednesday filing, the group confirmed it had secured a new US$850-million Term Loan A facility maturing in April 2031, alongside a US$1.0-billion revolving credit facility due in April 2030.
The refinancing replaces existing debt arrangements and was supported by a mix of current and new lenders, the firm stated.
Aristocrat’s chief financial officer Sally Denby said the transaction reflected the company’s “investment-grade credit profile” and aligned with the group’s long-term capital management strategy.
The enlarged revolving credit facility is expected to give Aristocrat increased financial flexibility, allowing it to pursue strategic investments while maintaining liquidity buffers, the company noted.
Proceeds from the new facilities will be used to repay existing borrowings and for general corporate purposes, it added.
Aristocrat, which operates across land-based gaming, online real-money gaming, and social casino segments, has in recent years focused on expanding its digital footprint alongside its traditional slot machine business.
In November, Aristocrat announced financial-year statutory net profit at circa US$857 million amid restructuring of its digital business.
In October, Aristocrat acquired Awager, a provider in the regulated live slot streaming segment, and earlier this year it announced it was acquiring U.S.-based Gaming Analytics Inc for an undisclosed consideration. The latter is a provider of AI-powered tools to land- based operators for real-time player analytics, slot optimisation and marketing automation.
In January, the gaming supplier announced that it would extend its current on-market share buy-back programme, as part of the firm’s “ongoing capital management strategy”.
