Fitch Ratings – New York – 04 December 2019: Fitch Ratings has assigned first-time 'B+' Long-Term Issuer Default Ratings (IDR) to Everi Holdings Inc. and Everi Payments Inc. (collectively, Everi). In addition, Fitch has assigned a 'BB+'/'RR1' rating to Everi's senior secured credit facility and 'B+'/'RR4' rating to Everi's senior unsecured notes. The Rating Outlook is Stable. Everi's rating reflects its improved credit metrics, conservative financial policy, and position as a more niche gaming supplier, albeit with an expanding portfolio of products. The ratings also reflect Everi's business mix diversification, as EBITDA is roughly split between slots and financial technology solutions (FinTech) for its casino customers. On December 4, Everi announced an equity issuance and intends to use the proceeds to pay down debt.