secwatch.observer — SEC 8-K summary
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Issuer:     Lucky Strike Entertainment Corp (LUCK)
CIK:        0001840572
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001628280-23-002765
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowlero closes $900M term loan refinancing, upsizes revolver to $200M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840572/000162828023002765/0001628280-23-002765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840572/000162828023002765/bowl-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-002765

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