Opening the filing
‹ News
Accelevation Holdings Corp.
8-K
The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company x If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 - Entry into a Material Definitive Agreement On October 9, 2026, Accelevation LLC (the “ Borrower ”), a subsidiary of Accelevation Holdings Corp. (the “ Company ”), entered into a credit agreement (the “ New Credit Agreement ”), by and among the Borrower, Accelevation Holdings LLC (“ Holdings ”), the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, collateral agent, swing line lender and a letter of credit issuer. The New Credit Agreement provides for a senior secured term loan facility with an aggregate principal amount of $250.0 million (the “ Term Loan Facility ”) and a senior secured revolving credit facility with an aggregate principal amount of $400.0 million (the “ Revolving Credit Facility ” and, together with the Term Loan Facility, the “ New Credit Facilities ”), which includes a sublimit for the issuance of letters of credit in an amount up to $100.0 million and a sublimit for swing line loans in an amount up to $40.0 million. As of the closing of the New Credit Agreement, the aggregate principal amount borrowed under the New Credit Facilities is $250.0 million under the Term Loan Facility and $150.0 million under the Revolving Credit Facility. The proceeds of the borrowings on the closing date, together with cash on hand, were used to repay in full all outstanding obligations under the Existing Credit Agreement (as defined below) and to pay transaction expenses. The New Credit Agreement is guaranteed by Holdings and certain of the Borrower’s