Lucky Strike Entertainment Corp (LUCK): debt financing — Lucky Strike acquires 58 properties for $306M, eliminates $21M annual rent

Lucky Strike Entertainment Corp

Acquired 58 triple-net leased properties from BW Bowling Net Lease I REIT LLC for $306M; all are existing Lucky Strike locations.
Transition from lessee to owner eliminates $21M annual rent (subject to 5-yr escalations) and captures $80M EBITDAR.
Financed via $230M bridge term loan, revolver draws, and cash on hand; transaction is immediately accretive and deleveraging.
Portfolio spans 16 states including CA, IL, GA, AZ, CO; strengthens control over strategic assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Lucky Strike Entertainment Corp incurred term loan of $230.0 million with JPMorgan Chase Bank, N.A. at adjusted Term SOFR rate plus an applicable rate of 2.50%, which applicable rate maturing date that is 364 days after July 10, 2025.

Instrument: term loan
Principal: $230.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: adjusted Term SOFR rate plus an applicable rate of 2.50%, which applicable rate
Maturity: date that is 364 days after July 10, 2025
Event: incurrence

Exact text from the filing

The Thirteenth Amendment provides for $230.0 million of incremental bridge term loans (the “ Incremental Bridge Term Loans ”).

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Lucky Strike Entertainment Corp filing history →

Source: SEC EDGAR

accession 0001104659-25-066992

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