{"schema_version":"secwatch.filing_event.v1","accession":"0001698991-25-000036","form_type":"8-K","ticker":"ACEL","cik":"0001698991","company_name":"Accel Entertainment, Inc.","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.702428+00:00","generated_at":"2026-05-17T06:45:05.169289+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Accel closes $900M credit facility ($600M term loan + $300M revolver), replacing prior debt","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001698991-25-000036","json":"https://secwatch.observer/filing/0001698991-25-000036.json","markdown":"https://secwatch.observer/filing/0001698991-25-000036.md","text":"https://secwatch.observer/filing/0001698991-25-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698991/000169899125000036/0001698991-25-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698991/000169899125000036/acel-20250910.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:45:05.169289+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ed308486fae55009f65269e6a62877771474843","claim":"Accel Entertainment, Inc. incurred revolving credit of $300 million with CIBC Bank USA, as administrative agent and collateral agent for the lenders and lead arranger, Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc., as joint lead arrangers, and Bank of America, N.A. as documentation agent at same as Term Loan Facility maturing September 10, 2030.","evidence_excerpt":"The Credit Agreement establishes (i) a term loan facility in an aggregate principal amount of $600 million (the “Term Loan Facility”) and (ii) a revolving loan facility in an aggregate principal amount of $300 million (the “Revolving Loan Facility” and together with the Term Loan Facility, the “Credit Facilities”). The maturity date of the Credit Facilities is September 10, 2030.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698991/000169899125000036/0001698991-25-000036-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"CIBC Bank USA, as administrative agent and collateral agent for the lenders and lead arranger, Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc., as joint lead arrangers, and Bank of America, N.A. as documentation agent"},{"label":"Rate","value":"same as Term Loan Facility"},{"label":"Maturity","value":"September 10, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9cb6c0d007796d76b8816c4d73896a3b35ee966d","claim":"Accel Entertainment, Inc. incurred credit facility of $600 million with CIBC Bank USA, as administrative agent and collateral agent for the lenders and lead arranger, Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc., as joint lead arrangers, and Bank of America, N.A. as documentation agent at either (i) a base rate equal to the highest of (a) the federal funds effective r maturing September 10, 2030.","evidence_excerpt":"The Credit Agreement establishes (i) a term loan facility in an aggregate principal amount of $600 million (the “Term Loan Facility”) and (ii) a revolving loan facility in an aggregate principal amount of $300 million (the “Revolving Loan Facility” and together with the Term Loan Facility, the “Credit Facilities”). The maturity date of the Credit Facilities is September 10, 2030.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698991/000169899125000036/0001698991-25-000036-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$600 million"},{"label":"Counterparty","value":"CIBC Bank USA, as administrative agent and collateral agent for the lenders and lead arranger, Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc., as joint lead arrangers, and Bank of America, N.A. as documentation agent"},{"label":"Rate","value":"either (i) a base rate equal to the highest of (a) the federal funds effective r"},{"label":"Maturity","value":"September 10, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}