Accel closes $900M credit facility ($600M term loan + $300M revolver), replacing prior debt

Accel Entertainment, Inc.

• $600M term loan and $300M revolving facility, both maturing Sept 10, 2030.
• Proceeds used to repay and terminate all outstanding commitments under existing November 2019 credit agreement.
• Interest at Term SOFR plus 1.5%-2.5% or base rate plus 0.75%-1.75%, based on net leverage ratio.
• Covenants: First Lien Net Leverage Ratio ≤ 4.75x and Fixed Charge Coverage Ratio ≥ 1.20x.
• Borrowings secured by first-priority liens on substantially all assets of Accel and its material domestic subsidiaries.