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AI brief of an SEC Form 8-K · Accelevation Holdings Corp. (ACCV)

Accelevation enters $650 million credit agreement, replacing prior credit facilities

Neutral Impact 3 of 5 financing Written later

On October 9, 2026, subsidiary Accelevation LLC entered a new $650 million senior secured credit agreement with Bank of America, N.A. as administrative agent, and used $400.0 million of borrowings plus cash on hand to repay its existing credit agreement with MidCap Financial Trust. The company says the new facilities reduce borrowing costs, with pricing of SOFR plus 1.50% to 2.50% versus the prior SOFR plus 4.50% to 5.25%, and extend its maturities to October 9, 2031.

Key points

  • Oct. 9, 2026: Accelevation LLC entered a New Credit Agreement with Bank of America, N.A. as administrative agent.
  • Term Loan Facility of $250.0 million and Revolving Credit Facility of $400.0 million; $250.0 million term loan and $150.0 million revolver borrowed at closing.
  • Proceeds and cash on hand repaid the Existing Credit Agreement with MidCap Financial Trust in full, which was terminated.
  • Maximum total net leverage of 4.00 to 1.00 and minimum fixed charge coverage of 1.25 to 1.00, tested from the quarter ending March 31, 2027.

The filing

CompanyAccelevation Holdings Corp. (ACCV)
Form8-K, current report
Filed with the SECOct 13, 2026, 8:23 AM ET
Accession number0001628280-26-065600

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.