Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Lucky Strike Entertainment Corp incurred term loan of $900 million with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto at Adjusted Term SOFR Rate plus 3.50% per annum for Replacement Term Loans that are maturing maturing in 2028.
- Instrument
- term loan
- Principal
- $900 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto
- Rate
- Adjusted Term SOFR Rate plus 3.50% per annum for Replacement Term Loans that are
- Maturity
- maturing in 2028
- Event
- incurrence
Exact text from the filing
The Eighth Amendment provides for (i) a new $900 million tranche of term loans maturing in 2028 (the “ Replacement Term Loans ”), (ii) a $35 million increase of the total revolving commitments under the Existing Credit Agreement to an aggregate amount of $200 million, and (iii) changes to negative covenants to provide enhanced operational flexibility and, in certain cases, to adjust basket sizes to reflect growth in the Company's business.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lucky Strike Entertainment Corp amended Eighth Amendment with JPMorgan Chase Bank, N.A. valued at $900 million (effective 2023-02-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $900 million
- Effective
- 2023-02-08
Exact text from the filing
On February 8, 2023, Bowlero Corp. (the “ Company ”) entered into an Eighth Amendment (the “ Eighth Amendment ”) to the First Lien Credit Agreement, dated as of July 3, 2017, by and among the Company, Kingpin Intermediate Holdings LLC, a direct subsidiary of the Company, as borrower, the other guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto
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