secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001698991-22-000021
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Entertainment closes $164.2M Century Gaming acquisition; adds 8,300+ terminals
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- Total consideration $164.2M: $45.5M cash, $113.2M debt repayment, 515,622 shares of ACEL common stock.
- Adds over 900 licensed locations and 8,300 gaming terminals across Montana and Nevada.
- Acquisition includes Grand Vision Gaming manufacturing and i-Rewards/Gamblers Bonus programs.
- Century's leadership team (CEO Steve Arntzen, CFO Heidi Schmalz, GVG MD Merle Frank) will remain in place.
- Financed via $160M draw from existing revolving credit and delayed draw term loan facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000021/0001698991-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899122000021/acel-20220601.htm
  HTML page:      https://secwatch.observer/filing/0001698991-22-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer