secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001698991-25-000036
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899125000036/0001698991-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899125000036/acel-20250910.htm
  HTML page:      https://secwatch.observer/filing/0001698991-25-000036

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