debt
confidence high
sentiment neutral
materiality 0.55
Lucky Strike prices $500M 7.25% senior secured notes due 2032; upsizes term loan to $1.2B
Lucky Strike Entertainment Corp
- Priced $500M aggregate principal of 7.250% senior secured notes due 2032 at 100% of par.
- Allocated $1,200M term loan facility maturing 2032 (increased from $1,000M); rate Term SOFR+3.25% stepping to +3.00%.
- Refinancing includes a new $425M revolving credit facility; proceeds to refinance existing debt and for general purposes.
- Notes offering closing expected September 22, 2025, subject to customary conditions.
- Notes are secured, guaranteed by Lucky Strike and its subsidiaries, and unregistered (Rule 144A/Reg S).
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