Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 66

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 66
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1.4 million for the years ended December 31, 2024, 2023 and 2022 respectively. The Company’s estimated annual amortization expense relating to other intangible assets over the next five years is $2.4 million. Indefinite-lived intangibles are tested for impairment annually or when triggering events occur. There were no indicators of impairment of indefinite-lived intangibles as of December 31, 2024.

F-20

Table of ContentsAccel Entertainment, Inc. and SubsidiariesNotes to Consolidated Financial Statements — (Continued)

Note 9. Debt

The Company’s debt as of December 31, consisted of the following (in thousands):20242023Senior Secured Credit Facility (as amended):Revolving credit facility$6,500 $46,000 Term Loan293,125 310,625 Delayed Draw Term Loan 297,750 188,750 Total borrowings597,375 545,375 Add: Remaining premium on interest rate caplets financed as debt1,076 2,059 Total debt598,451 547,434 Less: Debt issuance costs(3,072)(4,860)Total debt, net of debt issuance costs595,379 542,574 Less: Current maturities(34,443)(28,483)Total debt, net of current maturities$560,936 $514,091 Senior Secured Credit FacilityOn November 13, 2019, in order to refinance its prior credit facility, for working capital and other general purposes from time to time, the Company entered into a credit agreement (as amended, the “Credit Agreement”) as borrower, the Company and its wholly-owned domestic subsidiaries, as a guarantor, the banks, financial institutions and other lending institutions from time to time party thereto, as lenders, the other parties from time to time party thereto and Capital One, National Association, as administrative agent (in such capacity, the “Agent”), collateral agent, issuing bank and swingline lender providing for a:•$100.0 million revolving credit facility, including a letter of credit facility with a $10.0 million sublimit and a swing line facility with a $10.0 million sublimit, •$240.0 million initial term loan facility and •$125.0 million additional term loan facility.The additional term loan facility was available for borrowings until November 13, 2020.