Accelevation Holdings signs $650 million secured credit package

what happened

According to Newsmetry API, Accelevation Holdings Corp. (ACCV) filed a Form 8-K with the SEC on October 13, 2026. On October 9, its subsidiary Accelevation LLC entered into a new credit agreement with Bank of America, N.A. serving as administrative and collateral agent, swing line lender and letter-of-credit issuer.

The agreement provides a $250.0 million senior secured term loan and a $400.0 million senior secured revolving facility. The revolver includes sublimits of up to $100.0 million for letters of credit and $40.0 million for swing line loans. At closing, the company had borrowed $250.0 million under the term facility and $150.0 million under the revolver. Together with cash on hand, the proceeds repaid all obligations under the previous credit agreement and covered transaction expenses.

Accelevation Holdings LLC and certain subsidiaries guarantee the facilities, which are secured by substantially all assets of the borrower, Holdings and certain subsidiaries, subject to customary exceptions. The agreement restricts debt, liens, asset sales, investments, dividends, equity repurchases, junior-debt prepayments and affiliate transactions. Starting with the quarter ending March 31, 2027, the borrower must keep total net leverage at or below 4.00 to 1.00 and fixed-charge coverage at or above 1.25 to 1.00. After a material acquisition exceeding $100.0 million, the leverage limit may temporarily rise to 4.50 to 1.00 for four quarters.

why it matters

The refinancing replaces existing obligations while providing additional committed liquidity. The term loan amortizes in quarterly installments of $3.125 million, beginning with the quarter ending March 31, 2027, with the remaining balance due on October 9, 2031. Pricing depends on the loan type and leverage: until delivery of the compliance certificate for the quarter ending June 30, 2027, the margins are 2.25% for term SOFR loans and 1.25% for base-rate loans. The revolver does not amortize, and its initial unused-commitment fee is 0.300% per year.

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