Accel Entertainment secures $900M credit facility

By Ahmed Jameison • Sunday, September 14 16:07 • Permanent Link

Accel Entertainment, Inc. (NYSE: ACEL) has announced the closure of a significant financial deal in the form of a $900 million senior secured credit facility, which includes a $300 million revolving credit facility and a $600 million term loan, each with a five-year term. The initial borrowings from this credit facility were utilized to fully repay and terminate all outstanding commitments under Accel's existing senior secured credit agreement.

The CEO of Accel Entertainment, Andy Rubenstein, expressed his satisfaction with the completion of this financing, highlighting its potential to enhance the company's liquidity profile while reducing its cost of capital for the coming years. This new facility is expected to position Accel to continue investing in its distributed gaming operations, Fairmount Park Casino & Racing, and targeted growth opportunities, all while maintaining a strong balance sheet to focus on enhancing shareholder value.

The credit facility is comprised of a syndicated group of banks, with CIBC Bank USA acting as the administrative agent and lead arranger. Joint lead arrangers include Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc., with Bank of America, N.A. serving as the documentation agent.

Accel Entertainment, Inc. is a major player in the locals-focused gaming industry, supporting over 27,000 electronic gaming terminals in more than 4,400 third-party local and regional establishments, as well as 20 self-operated gaming locations across ten states. The company provides its local partners with a turnkey, full-service, capital-efficient gaming solution, offering services such as manufacturing, content, payments, loyalty, 24/7 customer service, data analysis and reporting, and cash logistics. Additionally, Accel owns and operates a racino venue, Fairmount Park * Casino & Racing, which opened in April 2025 and features over 270 electronic gaming machines, food and beverage amenities, a sports book, pari-mutuel betting, and 55 days of thoroughbred horse racing annually. Following these announcements, the company's shares moved -2.37%, and are now trading at a price of $11.13. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.