Lucky Strike Entertainment announces the pricing of $500 million senior secured notes due 2032.
$1,200 million tranche of term loans maturing in 2032 also allocated.
Proceeds to refinance existing term loan facilities and for general corporate purposes.
Offering Details
$500 million senior secured notes offered at 7.250% interest rate due 2032.
New Term Loan Facility
$1,200 million term loans maturing in 2032 allocated, expected interest rates set forth in final documentation.
Use of Proceeds
Funds to refinance existing term loan facilities and revolving credit facility, along with general corporate purposes.
- The offering includes senior secured notes and term loans, totaling significant financial commitments.
- Refinancing existing facilities indicates a strategic financial move by Lucky Strike Entertainment.
- The transactions are intended to streamline debt and support general corporate initiatives.
The announcement of the senior secured notes offering and refinancing signifies Lucky Strike Entertainment's proactive approach to managing its financial structure and supporting ongoing operations.