Accelevation closes $650M credit facility, cuts margin to SOFR+1.50-2.50% from SOFR+4.50-5.25%

Accelevation Holdings Corp.

New $650M senior secured facilities: $250M Term Loan A maturing Oct 9, 2031 plus $400M revolver; $400M drawn at close ($250M term + $150M revolver).
Proceeds plus cash on hand repaid in full the prior credit agreement (dated Jan 2, 2025, MidCap Financial Trust as administrative agent) and paid transaction expenses.
Pricing drops to Term SOFR + 1.50%-2.50% (from SOFR + 4.50%-5.25%); initial margin 2.25% until the June 30, 2027 compliance certificate.
Term loan amortizes $3.125M per quarter (5.00%/yr) from Q1 2027; covenants from March 31, 2027: max net leverage 4.00x, min fixed charge coverage 1.25x.
Bank of America is administrative/collateral agent; BofA Securities, JPMorgan, Morgan Stanley, KeyBank and PNC are joint lead arrangers.

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