Accel Entertainment, Inc. Enters into Amendment No. 4 to the Credit Agreement with Capital One, National Association
August 25, 2023 at 04:34 pm EDT
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On August 23, 2023, in order to amend its existing Credit Agreement, dated November 13, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the Credit Agreement), Accel Entertainment, Inc. (the Company) and the other parties thereto entered into Amendment No. 4 to the Credit Agreement (the Credit Agreement Amendment) with Capital One, National Association as administrative agent, collateral agent, issuing bank and swing line lender. The Credit Agreement Amendment extends the delayed draw term loan facility availability an additional 12 months, with a new termination date for the delayed draw term loan availability of October 22, 2024.
The rest of the Credit Agreement remained unchanged.
Accel Entertainment, Inc. is a distributed gaming operator in the United States and a partner for local business owners in the markets it serves. The Company's business consists of the installation, maintenance and operation of gaming terminals, redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and other amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It also operates ATMs in gaming and non-gaming locations. The Companyâs gaming-as-a-service platform provides local businesses with a turnkey gaming solution. It owns all of its gaming equipment and manages the operating process for its licensed partners. In addition to its gaming business, it also installs, operates and services redemption devices that have ATM functionality, ATMs and amusement devices, including jukeboxes, dartboards, pool tables, pinball machines and others.