Accel Entertainment Enters Material Definitive Agreement

TL;DR

Accel Entertainment just signed a big deal, could be a new loan or something major.

AI Summary

On September 10, 2025, Accel Entertainment, Inc. entered into a material definitive agreement, likely related to a financial obligation. The company, formerly known as TPG Pace Holdings Corp., is incorporated in Delaware and headquartered in Burr Ridge, Illinois.

Why It Matters

This filing indicates a significant new agreement for Accel Entertainment, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Numbers

• 001-38136 — SEC File Number (Identifies the company's filing history with the SEC.)
• 98-1350261 — IRS Employer Identification No. (Tax identification number for the company.)

Key Players & Entities

• Accel Entertainment, Inc. (company) — Registrant
• TPG Pace Holdings Corp. (company) — Former name of Registrant
• September 10, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Burr Ridge, Illinois (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ered Class A-1 common stock, par value $0.0001 per share ACEL New York Stock Exchange
• $600 million — ity in an aggregate principal amount of $600 million (the "Term Loan Facility") and (ii) a r
• $300 million — ity in an aggregate principal amount of $300 million (the "Revolving Loan Facility" and toge
• $15 million — The Revolving Loan Facility includes a $15 million sublimit for the issuance of standby le
• $25 million — ance of standby letters of credit and a $25 million sublimit for swingline loans. Proceeds

Filing Documents

• acel-20250910.htm (8-K) — 35KB
• accel-cibccreditagreements.htm (EX-10.1) — 2497KB
• pressreleasedatedseptember.htm (EX-99.1) — 9KB
• image.jpg (GRAPHIC) — 30KB
• 0001698991-25-000036.txt ( ) — 3068KB
• acel-20250910.xsd (EX-101.SCH) — 2KB
• acel-20250910_lab.xml (EX-101.LAB) — 21KB
• acel-20250910_pre.xml (EX-101.PRE) — 12KB
• acel-20250910_htm.xml (XML) — 3KB

01 Entry into a Material Agreement

Item 1.01 Entry into a Material Agreement. On September 10, 2025, Accel Entertainment, Inc. (the "Company") entered into a Credit Agreement, dated as of September 10, 2025 (the "Credit Agreement"), by and among the Company, Accel Entertainment LLC (the "Borrower"), the lenders from time to time party thereto, CIBC Bank USA, as administrative agent and collateral agent for the lenders and lead arranger, Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Truist Securities, Inc., as joint lead arrangers, and Bank of America, N.A. as documentation agent. The Credit Agreement establishes (i) a term loan facility in an aggregate principal amount of $600 million (the "Term Loan Facility") and (ii) a revolving loan facility in an aggregate principal amount of $300 million (the "Revolving Loan Facility" and together with the Term Loan Facility, the "Credit Facilities"). The maturity date of the Credit Facilities is September 10, 2030. The Revolving Loan Facility includes a $15 million sublimit for the issuance of standby letters of credit and a $25 million sublimit for swingline loans. Proceeds of the initial borrowings under the Credit Facilities were used to repay in full all outstanding indebtedness and terminate all commitments under the Credit Agreement, dated as of November 13, 2019, as amended, by and among the Company, the Borrower, the lenders from time to time party thereto, Capital One, National Association as administrative agent and collateral agent for the lenders, and the other parties party thereto. At the Borrower's election, borrowings under the Credit Facilities bear interest at either (i) a base rate equal to the highest of (a) the federal funds effective rate plus 0.5%, (b) the prime rate announced by CIBC Bank USA, or (c) Term SOFR plus 1% or (ii) Term SOFR for applicable interest period, in each case plus an applicable margin. The applicable margin is determined by reference to the Borrower's Firs

01. Other Events

Item 8.01. Other Events On September 10 , 2025, the Company issued a press release announcing the Credit Agreement. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. 2

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Credit Agreement, dated September 10 , 2025, by and among Accel Entertainment, Inc., Accel Entertainment LLC, CIBC Bank USA and the other parties thereto 99.1 Press Release by Accel Entertainment, Inc. dated September 10 , 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCEL ENTERTAINMENT, INC. Date: September 12, 2025 By: /s/ Scott Levin Scott Levin Chief Legal Officer & Corporate Secretary 4

View Full Filing

View this 8-K filing on SEC EDGAR