Business Context and Reporting Period
Company: Accel Entertainment, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 23, 2023
Reporting Period: Specific event date (August 23, 2023)
This filing reports the entry into a material agreement regarding the company's existing credit facilities. No periodic financial results (quarterly or annual) are included in this document.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, or liquidity metrics. The document focuses exclusively on a modification to the company's debt structure.
- Debt Facility: Existing Credit Agreement dated November 13, 2019.
- Amendment: Amendment No. 4 to the Credit Agreement.
- Agent: Capital One, National Association.
Material Changes
The primary material change is the extension of the availability period for the delayed draw term loan facility:
- Previous Status: The facility had an existing termination date.
- New Status: The availability of the delayed draw term loan facility has been extended by an additional 12 months.
- New Termination Date: October 22, 2024.
- Other Terms: The rest of the Credit Agreement remained unchanged.
Guidance, Outlook, and Risks
Management Commentary: The filing states the amendment was entered into to extend the delayed draw term loan facility availability. No forward-looking guidance, outlook, or specific risk factors beyond the standard incorporation of the full agreement text are provided in this summary.
Unusual Items: None reported. The filing is a routine amendment to an existing credit facility.
Investor Verification Checklist
- Verify the full text of Exhibit 10.9(D) (Amendment No. 4 to the Credit Agreement) for any covenants or conditions not summarized in the 8-K.
- Confirm the total outstanding balance of the delayed draw term loan facility to assess the impact of the extension on future liquidity.
- Review the company's most recent 10-Q or 10-K for the original terms of the Credit Agreement dated November 13, 2019, to understand the baseline interest rates and covenants.