{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-002765","form_type":"8-K","ticker":"LUCK","cik":"0001840572","company_name":"Lucky Strike Entertainment Corp","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.039144+00:00","generated_at":"2026-06-19T21:59:54.725954+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bowlero closes $900M term loan refinancing, upsizes revolver to $200M","bullets":["New $900M term loan B due Feb 2028 priced at SOFR+350bps with 0% floor and 99.5 OID.","Revolving credit facility increased by $35M to $200M, due Dec 2026.","Moody's upgraded Bowlero's CFR and revolver to B1 from B2; S&P assigned recovery rating of 3.","Proceeds used to refinance existing term loan B, repay revolver borrowings, and general corporate purposes.","Company describes transaction as net leverage neutral, maintaining long-term leverage target."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-002765","json":"https://secwatch.observer/filing/0001628280-23-002765.json","markdown":"https://secwatch.observer/filing/0001628280-23-002765.md","text":"https://secwatch.observer/filing/0001628280-23-002765.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840572/000162828023002765/0001628280-23-002765-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840572/000162828023002765/bowl-20230208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:59:54.725954+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"90062b3b796eea0463e60432469575654ded9918","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840572/000162828023002765/0001628280-23-002765-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$900 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto"},{"label":"Rate","value":"Adjusted Term SOFR Rate plus 3.50% per annum for Replacement Term Loans that are"},{"label":"Maturity","value":"maturing in 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"33d4822bae0134296d2edf730dd5f1697eae5cb2","claim":"Lucky Strike Entertainment Corp amended Eighth Amendment with JPMorgan Chase Bank, N.A. valued at $900 million (effective 2023-02-08).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840572/000162828023002765/0001628280-23-002765-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$900 million"},{"label":"Effective","value":"2023-02-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}