JPMorgan Chase (JPM) is in talks with investors to refinance the private credit debt of United Gaming, Bloomberg reported Friday, citing people with knowledge of the matter.
JPMorgan is seeking to raise $500 million to help refinance debt coming due in 2026, with indicative pricing on the proposed loan of 6.25 to 6.50 percentage points above the benchmark rate, the people reportedly said.
United Gaming, a slot machine operator, is looking to lower debt obligations and cut down interest payments, the report said, citing some of the people.
The terms of the deal have yet to be finalized, but it may close in the coming weeks, the people said, according to the report.
JPMorgan and United Gaming didn't immediately respond to requests for comment from MT Newswires.
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