Accel Entertainment Secures $900 Million Credit Facility to Fuel Growth Strategy

Accel Entertainment (NYSE: ACEL), a major provider of locals-focused gaming and one of the largest terminal operators in the United States, has entered into a $900 million senior secured credit facility. The financing arrangement consists of a $300 million revolving credit facility and a $600 million term loan, both with five-year terms, marking a significant financial milestone for the company.

The initial borrowings from this credit facility were used to fully repay and terminate all outstanding commitments under Accel's previous senior secured credit agreement. This strategic financial move represents a substantial refinancing effort that will impact the company's operational capabilities and growth trajectory in the competitive gaming industry.

Andy Rubenstein, CEO of Accel Entertainment, stated that this financing enhances the company's liquidity profile while reducing its cost of capital for the coming years. The new facility positions Accel to continue investing in its distributed gaming operations, Fairmount Park Casino & Racing, and targeted growth opportunities while maintaining a strong balance sheet focused on enhancing shareholder value.

The credit facility involves a syndicated group of banks, with CIBC Bank USA acting as the Administrative Agent and Lead Arranger. Other financial institutions including Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc. served as Joint Lead Arrangers, while Bank of America, N.A. served as Documentation Agent.

This substantial credit facility provides Accel Entertainment with enhanced financial flexibility to pursue strategic initiatives in the rapidly evolving gaming market. The company supports more than 27,000 electronic gaming terminals across over 4,400 third-party establishments and 20 self-operated gaming locations spanning ten states, serving licensed non-casino locations through exclusive long-term contracts.

The financing comes at a time when the gaming industry continues to expand beyond traditional casino settings into local establishments, positioning Accel to capitalize on this growing market segment. The company's comprehensive gaming solution encompasses manufacturing, content, payments, loyalty programs, customer service, data analysis, and cash logistics for its local partners.