Accel Entertainment, one of the largest terminal operators in the United States and a leading provider of locals-focused gaming, has closed on a $900 million senior secured credit facility. The financing package includes a $300 million revolving credit facility and a $600 million term loan, both with five-year terms.
The proceeds from the initial borrowings were used to fully repay and terminate the company’s previous senior secured credit agreement. The new arrangement is expected to enhance Accel’s liquidity, lower its cost of capital, and provide flexibility to invest in its distributed gaming operations, the recently opened Fairmount Park Casino & Racing, and other targeted growth opportunities.
The credit facility was arranged by a syndicate of banks, with CIBC Bank USA serving as Administrative Agent and Lead Arranger. Fifth Third Bank, JPMorgan Chase, U.S. Bank, and Truist Securities acted as Joint Lead Arrangers, while Bank of America served as Documentation Agent.
Accel operates over 27,000 electronic gaming terminals in over 4,400 licensed non-casino locations, such as bars, restaurants, convenience stores, truck stops, gaming cafes, and fraternal or veteran establishments, across ten states. The company also runs 20 self-operated gaming locations and owns Fairmount Park – Casino & Racing, which opened in April 2025 and features over 270 gaming machines, a sportsbook, pari-mutuel betting, dining amenities, and thoroughbred horse racing.
KEY QUOTES:
“We are pleased to complete this financing, which enhances our liquidity profile while reducing our cost of capital for the years ahead. This new facility positions us to continue investing in our distributed gaming operations, Fairmount Park Casino & Racing, and targeted growth opportunities, while maintaining a strong balance sheet as we focus on enhancing shareholder value.”
Accel Entertainment CEO Andy Rubenstein
