Voyager Parent, LLC

Overview

Deal Type Debt Capital Markets
Size $3.225 Billion
Senior Secured Credit Facilities
$1.85 Billion
Senior Secured Notes
Client & Transactional Partners Apollo Global Management, Inc.
Everi Holdings Inc.
Gaming & Digital Business of International Game Technology
Our Role Joint Lead Arranger
Joint Bookrunner

Summary

On July 1, 2025, Apollo Global Management, Inc. (Apollo) successfully closed the acquisition and merger of Everi Holdings Inc. (Everi) and the Gaming & Digital Business of International Game Technology (SpinCo), (together the Acquisition). KeyBanc Capital Markets (KBCM) acted as Joint Lead Arranger and Joint Bookrunner on the financing for the Acquisition (the Financing), which included $3.225 billion of Senior Secured Credit Facilities, comprised of a $750 million Revolving Credit Facility and a $2.475 billion Term Loan B, as well as $1.85 billion of Senior Secured Notes. The Financing was issued under the entity name Voyager Parent, LLC (the Combined Company). 

KBCM was selected as a Joint Lead Arranger and Joint Bookrunner due to its consistent pitch effort and extensive industry and Debt Capital Markets expertise.

Voyager Parent, LLC is a one-stop-shop with a comprehensive product portfolio addressing all aspects of the gaming ecosystem. The Combined Company has leading positions in Class II & III land-based gaming, iGaming, FinTech and systems and is #1 by units sold in North America. The Combined Company has the highest ship share of sales in North America and maintains a significant installed base of leased machines across many geographies. Complementing its strong presence across land-based gaming, Voyager Parent also has an industry-leading porting process to bring some of its most successful titles to the digital, gaming landscape, enabling it to efficiently grow its substantial library of online gaming content.

KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., member FINRA/SIPC (“KBCMI”), and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and by its licensed securities representatives. Banking products and services are offered by KeyBank N.A.

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