Lucky Strike Entertainment Corp (LUCK): debt financing — Lucky Strike issues $500M 7.250% notes, refinances $1.2B term loan and $425M revolver

Lucky Strike Entertainment Corp

Issued $500M 7.250% senior secured notes due 2032; net proceeds used with new term loan to repay $1.28B term loan, $230M bridge loan, and revolver borrowings.
Issuer (Kingpin Intermediate) entered $1.2B new term loan facility with 7-year maturity and $425M revolving credit facility with 5-year maturity.
New revolver bears SOFR+3.00% (step-downs to 2.50%); term loan SOFR+3.25% (step-down to 3.00%). Both secured by substantially all assets.
Existing debt fully repaid; Amended Credit Agreement includes financial covenant requiring first lien net leverage ≤6.00x.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lucky Strike Entertainment Corp incurred term loan of $1,200.0 million at Adjusted Term SOFR Rate plus 3.25% per annum, subject to 1 step down to 3.00% pe maturing seven-year term to maturity.

Instrument: term loan
Principal: $1,200.0 million
Rate: Adjusted Term SOFR Rate plus 3.25% per annum, subject to 1 step down to 3.00% pe
Maturity: seven-year term to maturity
Event: incurrence

Exact text from the filing

the Issuer entered into an amendment (the “Fifteenth Amendment”) to the Issuer’s existing first lien credit agreement (the “Existing Credit Agreement” and, as amended by the Fifteenth Amendment, the “Amended Credit Agreement”) providing for a refinancing term loan facility of $1,200.0 million with a seven-year term to maturity (the “New Term Loan Facility)

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lucky Strike Entertainment Corp incurred revolving credit of $425.0 million at Adjusted Term SOFR Rate plus 3.00% per annum, subject to 2 step downs to 2.75% a maturing five-year term.

Instrument: revolving credit
Principal: $425.0 million
Rate: Adjusted Term SOFR Rate plus 3.00% per annum, subject to 2 step downs to 2.75% a
Maturity: five-year term
Event: incurrence

Exact text from the filing

a refinancing five-year revolving credit facility (the “New Revolving Credit Facility” and, together with the New Term Loan Facility, the “New Senior Secured Credit Facilities”), which has initial commitments of $425.0 million and a five-year term.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lucky Strike Entertainment Corp incurred senior notes of $500.0 million with U.S. Bank Trust Company, National Association at 7.250% per annum maturing October 15, 2032.

Instrument: senior notes
Principal: $500.0 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.250% per annum
Maturity: October 15, 2032
Event: incurrence

Exact text from the filing

On September 22, 2025, Kingpin Holdings Intermediate LLC (the “Issuer”), a subsidiary of Lucky Strike Entertainment Corporation (the “Company”), completed the previously announced offering of $500.0 million aggregate principal amount of 7.250% senior secured notes due 2032 (the “Notes”).

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102 debt financings filed in the last 30 days. Browse all debt financings →

Lucky Strike Entertainment Corp filing history →

Source: SEC EDGAR

accession 0000950103-25-011980

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