Galaxy Gaming loosens loan terms with $505K EBITDA addback
What's the deal? Galaxy GamingDealroom has a profile for this one. Try Dealroom → amended its credit agreement with BMO Bank N.A.Dealroom has a profile for this one. Try Dealroom → on September 23, 2026, easing the covenants that govern its borrowing. The Second Amendment raises the company's annual capital expenditure cap to 10% of the prior year's net revenue and grants a one-time EBITDA addback of $505,361.
What's the endgame? The higher capex ceiling gives Galaxy Gaming more room to invest in its operations and growth. The company supplies casino table game content and related technologies to operators, developing and distributing proprietary games.
Why now? The EBITDA addback is designed to help Galaxy Gaming meet its lender's financial ratio tests. That could ease liquidity constraints and support continued investment in its gaming products.
What could go wrong? The company carries a structurally weak balance sheet with negative equity, and a recently terminated merger adds uncertainty, according to TipRanks' AI analyst. Its market capitalisation stands at $40.41 million.
The signal: Covenant amendments like this one are how smaller suppliers keep credit lines workable while investing. For Galaxy Gaming, the tweaks buy flexibility — but they also underscore how tight its financial position has become.
Read more: tipranks.com
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