Galaxy Gaming amends BMO credit agreement to allow up to $4 million stock buybacks
GLXZ•Credit agreement amendment expands buyback capacity
Galaxy Gaming entered a first amendment on July 24, 2026 to its Jan. 6, 2025 credit agreement with BMO Bank.
The amendment allows up to $4 million in share repurchases, subject to conditions including at least $5 million in unencumbered liquid assets.
Buyback funding must come solely from the termination fee tied to Evolution Malta Holding’s merger agreement termination.
The changes also revise the fixed charge coverage ratio covenant.
