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Lucosky Brookman Successfully Closes $120 Million Senior Secured Loan Facility with Fortress Investment Group, LLC

Lucosky Brookman congratulates its client, a leading Georgia-based gaming company, on the successful closing of its $120 million senior secured loan facility.  Fortress Investment Group LLC, a highly diversified global investment manager with approximately $53.3 billion of assets under management, advanced the funds to the company, along with a syndicate of other lenders.  The firm represented the company and assisted with the drafting, reviewing, revising and structuring the senior secured credit facility.  $120,000,000 of the proceeds were utilized by the company to refinance an existing facility with the balance to be used by the company to finance acquisitions to grow its business. 

Our client, headquartered in Atlanta, GA, owns and operates Class B coin operated amusement machines.   The company is licensed by the Georgia Lottery Corporation.  The proceeds payable to Georgia are used to support the needs and educate Georgia’s children through the HOPE scholarship program and pre-kindergarten funding.

Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.  Fortress has extensive experience lending to, making private equity investments into and owning casino properties, slot route operations, slot machine manufacturers, lottery providers, gaming technology companies and other gaming-related assets and businesses in the United States and around the world.

Lucosky Brookman LLP acted as borrower’s counsel.

Kirkland Ellis acted as lender’s counsel to Fortress Investment Group LLC