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home / news releases / PLAY - Dave & Buster's subsidiary prices upsized private offering of $550M senior secured notes due 2025

PLAY - Dave & Buster's subsidiary prices upsized private offering of $550M senior secured notes due 2025

Dave & Buster's Entertainment Inc.
Dave & Buster's, an indirect wholly-owned subsidiary of Dave & Buster's Entertainment (PLAY) has priced $550M (from $500M) of its 7.625% senior secured notes due 2025 in a private offering.Offering is expected to close on October 27, 2020. Proceeds will be used to repay all amounts outstanding under its Term Loan Facility and to repay drawings under its Revolving Credit Facility.On offer close, the company estimates available liquidity would total ~$348.2M; the drawable amounts under its amended revolving credit facility would be in excess of a $150M minimum liquidity covenant and extended the maturity to August 17, 2024.Shares up 1.8% premarket.Previously: Dave & Buster's attracts new bull after financing move (Oct. 20)Previously: Dave & Buster's +10% after raising new funds (Oct. 19)

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Dave & Buster’s subsidiary prices upsized private offering of $550M senior secured notes due 2025
Stock Information
Company Name: Dave & Buster's Entertainment Inc.
Stock Symbol: PLAY
Market: NASDAQ
Website: daveandbusters.com
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