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Accelevation entered into facilities led by Bank of America, including a $250 million term loan and a $400 million revolving credit facility maturing Oct. 9, 2031. At closing, it drew $250 million on the term loan and $150 million on the revolver.
Accelevation entered a $650 million senior secured credit agreement, comprising a $400 million revolver and a $250 million Term Loan A, maturing in 2031. Pricing is SOFR +1.50% to +2.50%, replacing facilities priced at SOFR +4.50% to +5.25%.