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Z Capital Said to Be Near Recoup of Affinity Gaming LBO Cash

Aug. 17, 2017, 7:20 PM

Z Capital Partners LLC is poised to get back its investments in Affinity Gaming, just shy of seven months after it completed a buyout of the casino operator, according to a person with knowledge of the matter.

The payout will be made possible by a loan Affinity Gaming is seeking, where a portion of the proceeds are expected to fund a dividend. Combined with a payout earlier this year, that would cover contributions Z Capital made acquiring the company in a deal that valued it at $580 million, said the person, who asked not to be identified because the matter ...