Apollo-owned PlayAGS Sets IPO Pricing Terms

1/17/18

PlayAGS, Inc., a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the commencement of its initial public offering of 10,250,000 shares of its common stock. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,537,500 shares of its common stock. The price range for the initial public offering is currently estimated to be between $16.00 and $18.00 per share.

The Company has applied to list its shares of common stock on the New York Stock Exchange under the ticker symbol “AGS.”

Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the proposed offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the proposed offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the proposed offering.

About AGS

AGS is a leading designer and supplier of electronic gaming machines (“EGMs”) and other products and services for the gaming industry. Historically we have focused on supplying Class II EGMs to the Native American gaming market. We have recently expanded our product line-up to include: (i) Class III EGMs for commercial and Native American casinos, (ii) video bingo machines for select international markets, (iii) table game products, and (iv) interactive social casino products.

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