secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001104659-22-042998
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave & Buster's acquires Main Event for $835M; Chris Morris to become CEO
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- All-cash deal valued at $835M enterprise value; represents ~9x Main Event's TTM Adjusted EBITDA as of Dec 31, 2021.
- Chris Morris, current Main Event CEO, appointed CEO of Dave & Buster's upon close; Kevin Sheehan to remain Chairman.
- Expected ~$20M in synergies within two years from store support consolidation and supply-chain efficiencies.
- Transaction funded via cash on hand and committed bank financing (Term Loan B of $850M + Revolver of up to $500M).
- Acquisition unanimously approved by both boards; closing subject to Ardent Leisure stockholder approval and regulatory review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000110465922042998/0001104659-22-042998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000110465922042998/tm2210601d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-042998

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer