Refinancing & Growth Capital

Slot route operator completes refinancing

Headquartered in Vancouver, Canada, Integrity Gaming Corp. provides gaming equipment and project financing to owners, operators and managers of casinos and other regulated gaming venues. Integrity is focused on the Tribal gaming market and has approximately 2,700 gaming machines in operation across nearly 30 casinos in Oklahoma and Texas.

In 2017, Integrity sought to refinance its existing capital structure in order to add flexibility as well as find a capital partner to help fund the longer-term growth of the business. To meet these objectives, Integrity approached Prudential Capital Group through a referral.

Integrity desired a flexible capital provider with strong industry expertise, a relationship approach and the ability to both execute quickly and to provide follow-on financings. Prudential Capital ultimately executed a “one-stop” financing solution, consisting of a $5 million senior secured revolving credit facility, a $4 million senior secured capital expenditure facility, $18 million of senior secured notes and $14 million of senior subordinated notes.

Integrity valued Prudential Capital’s experience and expertise in the route gaming space as well as their strong reputation and relationship orientation.