M&A - Bowlero Corp.

Form Type: 8-K

Filing Date: 2025-07-10

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925066992

Filing Summary: On July 10, 2025, Lucky Strike Entertainment Corporation entered into a Thirteenth Amendment to the First Lien Credit Agreement, which provides for $230.0 million of incremental bridge term loans. The maturity date for these loans is set for 364 days post the signing, with interest rates structured to increase periodically. These funds are intended to finance an acquisition of BW Bowling Net Lease I REIT LLC, which owns 58 triple net leased properties in the US and Canada currently leased to subsidiaries of the Company. A press release regarding this acquisition was also issued on the same date, detailing the completion of this transaction. Relevant agreements and disclosures are included as exhibits in the 8-K report.

Form Type: 10-Q

Filing Date: 2025-02-05

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025003930

Filing Summary: Lucky Strike Entertainment Corporation reports their quarterly performance for the period ended December 29, 2024. The financial highlights show total revenues of $300.1 million, driven primarily by bowling and food & beverage segments. The company faced increased costs leading to an operating income of $46.9 million. Notably, they also addressed the financial impacts of acquisition activities on their assets and liabilities. The report indicates a net income of $28.3 million, amidst various operational and non-operational expenses. Key insights include a significant cloud over ongoing liabilities linked to their business acquisitions and intangible asset investments, underscoring the implications on future profitability and operational adjustments.