Accel Entertainment, Inc. announced the closure of a $900 million senior secured credit facility.
The facility includes a $300 million Revolving Credit Facility and a $600 million Term Loan, each with a five-year term.
Initial borrowings from the new credit facility were used to repay and terminate existing commitments under Accel's previous senior secured credit agreement.
Enhanced Liquidity
The financing enhances Accel's liquidity profile and reduces its cost of capital for the future.
Investment Opportunities
The Credit Facility positions Accel to invest in distributed gaming operations, Fairmount Park Casino & Racing, and targeted growth opportunities.
Strong Balance Sheet
Accel aims to maintain a strong balance sheet while focusing on enhancing shareholder value through the new credit facility.
- Accel Entertainment secured a significant credit facility to support its gaming operations and growth initiatives.
- The syndicated group of banks involved in the credit facility underscores the confidence in Accel's business and financial stability.
Accel Entertainment's successful closure of the $900 million senior secured credit facility highlights its commitment to financial strength and growth in the gaming industry.