On September 10, 2025, Accel Entertainment, Inc. (NYSE: ACEL) announced the closure of a $900 million senior secured credit facility, comprising a $300 million revolving credit facility and a $600 million term loan, each with a five-year term. The initial borrowings from this facility were used to repay in full and terminate all outstanding commitments under Accel’s existing senior secured credit agreement.
Accel's CEO, Andy Rubenstein, expressed satisfaction with the financing, citing that it enhances their liquidity profile while reducing the cost of capital for the years ahead. This new facility positions them to continue investing in their 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. Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc. served as joint lead arrangers, and Bank of America, N.A. served as documentation agent.
Accel Entertainment, Inc. is a growing provider of locals-focused gaming and one of the largest terminal operators in the United States. They support more than 27,000 electronic gaming terminals in over 4,400 third-party local and regional establishments and 20 self-operated gaming locations across ten states. The company also owns and operates a racino venue.
It's worth noting that Accel's racino, Fairmount Park * Casino & Racing, 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 a year. Today the company's shares have moved -2.37% to a price of $11.13. For the full picture, make sure to review Accel Entertainment's 8-K report.
