Business
Why the Ainsworth (ASX:AGI) share price surged 15% today
Ainsworth Game Technology Limited (ASX: AGI) shares were hitting the jackpot during Friday’s session. By the market’s close, the Ainsworth share price had jumped 15.38% higher to 90 cents. Meanwhile, the S&P/ASX 200 Index slumped 1.32% for the day.
Let’s take a look at what drove the gaming machine developer’s shares higher.
Why the Ainsworth share price was winning today
Ainsworth shares had a stellar end to the week after the company advised it has entered into a new, secured credit facility with United States-based Western Alliance Bancorporation.
Proceeds from this new, five-year US$35 million facility are being used to pay out the company’s obligations under its prior credit facility with Australia and New Zealand…
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