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Shuffle Master, Inc. (SHFL) Announces $60M Loan Commitments for New and Existing Credit Agreement

Shuffle Master, Inc. (SHFL), established in 1992 and headquartered in Las Vegas, Nevada, is a gaming supply company that specializes in providing gaming entertainment content products.
Shuffle Master offers shuffling solutions for nearly every card game including the third-generation one2six™ continuous shuffler, or the Deck Mate®, a product used for hand-pitched games like poker and blackjack. The company has locations in the Americas, as well as Europe, Africa, Asia, and Australia.

The products the company offers are separated into four categories. Utility products include automatic card shufflers, roulette chip sorters and intelligent table system modules. Proprietary table games include live table game tournaments. Electronic table systems include electronic multi-player table game platforms. And finally, electronic gaming machines include traditional video slot machines for select markets.

Today, Shuffle Master announced it has obtained aggregate term loan commitments of $60M from Deutsche Bank Trust Company Americas, Wachovia Bank, National Association, and KeyBank National Association with a signed amendment to its existing revolving credit facility. The amendment provides for a new term loan facility, which is currently at $60.0M and may be increased to $80.0M. Funding of the new term loan is subject to the consummation of the equity offering, a minimum liquidity requirement and other customer administrative conditions.

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