secwatch.observer — SEC 8-K summary
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Issuer:     Accelevation Holdings Corp. (ACCV)
CIK:        0002141406
Form:       8-K
Filed at:   2026-10-13T12:23:39+00:00
Accession:  0001628280-26-065600
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2141406/000162828026065600/0001628280-26-065600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2141406/000162828026065600/axdebtagreementxoctober920.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-065600

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