Everi and IGT Navigate Stormy Tariff Waves, Revealing a Whopping $2.575B Loan Acquisition Backed by Apollo
In an unpredictable global economic environment jolted by tariff uncertainties, two gaming industry stalwarts, Everi and International Game Technology (IGT), have navigated the waves. They’ve made an astonishing splash amidst the churn with an announcement that could turn heads in financial circuits. They revealed a jaw-dropping $2.575 billion loan backing by Apollo, a move that signals a strong display of fortitude and confidence. This bold step came as a breath of fresh air for investors weary of tariff disruptions.
Their ability to acquire such a substantial loan during complex and challenging times is a testament to the companies’ steady strategy and Apollo’s faith in their potential. As the news of their successful loan acquisition spreads, there is reasonable expectation of a ripple effect across the market. It may encourage other businesses to brave the tariff tides and seek robust financial backing.
- •Everi/IGT unveils $2.575B loan backing LBO by Apollo to tariff-shaken investors pitchbook.com02-05-2025