Accel Entertainment Announces Closing of $900 Million Senior Secured Credit Facility

Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced that it has amended its existing senior secured credit facility (“Amended Credit Facility”) to increase its borrowing capacity from $438 million to $900 million with a new five year term. The Amended Credit Facility consists of a $150 million Revolving Credit Facility, a $350 million Term Loan A and a $400 million Delayed Draw Term Loan. The interest rate and covenants remain unchanged.

Accel Entertainment CEO Andy Rubenstein commented, “We are pleased to announce the successful completion of this amended credit facility and thank our existing and new high-caliber banking partners for their ongoing support and confidence in our future performance. The amended credit facility provides us with greater financial flexibility and liquidity as we execute against our strategic priorities and continue to explore growth opportunities that align with our asset-light and hyper-local business model.”

The Credit Facility is made up of a syndicated group of banks. Capital One, N.A., CIBC Bank USA, Fifth Third Bank, N.A. and J.P. Morgan Chase Bank, N.A. were Joint Lead Arrangers and Book Runners for the Credit Facility. Capital One, N.A. also acted as the Administrative Agent and U.S. Bank, N.A. served as Co-Documentation Agent.

About Accel

Accel is a leading distributed gaming operator in the United States on an Adjusted EBITDA basis, and a preferred partner for local business owners in the Illinois market. Accel’s business consists of the installation, maintenance and operation of VGTs, redemption devices that disburse winnings and contain 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.

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Accordingly, forward-looking statements, including any projections or analysis, should not be viewed as factual and should not be relied upon as an accurate prediction of future results. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Accel. Except as required by law, we do not undertake publicly to update or revise these statements, even if experience or future changes make it clear that any projected results or benefits expressed in this press releases or company statements will not be realized. In addition, the inclusion of any statement in this press release does not constitute an admission by us that the events or circumstances described in such statement are material. We qualify all of our forward-looking statements by these cautionary statements.

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