Shuffle Master reports $60 million loan

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) announced today that it has obtained aggregate term loan commitments of $60 million from Deutsche Bank Trust Company Americas, Wachovia Bank, National Association, and KeyBank National Association with a signed amendment to its existing revolving credit facility. Among other things, the amendment provides for a new term loan facility which is currently at $60.0 million and may be increased to $80.0 million. Funding of the new term loan is subject to the consummation of the equity offering discussed below, a minimum liquidity requirement, and other customary and administrative conditions. A copy of the credit agreement amendment has been filed as an exhibit to the Registration Statement referred to below.

The Company also announced today that it has filed with the Securities and Exchange Commission an amendment to its Registration Statement on Form S-1, dated June 27, 2008. The Registration Statement relates to an offering by the Company of shares of its common stock to generate approximately $75.0 million in proceeds, which, in conjunction with the borrowings under the new term loan facility and borrowing under the revolving credit facility and cash on hand, will be sufficient to repurchase the Company's 1.25% Contingent Convertible Senior Notes. The Company's equity road show will commence today, July 14th, 2008.

The Company also announced that certain members of its senior management and its Board of Directors have indicated an intention to participate in the equity offering. The Company also plans to offer the equity to existing shareholders and other investors who the Company believes will be long-term investors in the Company's stock.