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Bowlero ( NYSE: BOWL ) on Wednesday said it successfully closed a $900 million term loan B due February 8, 2028 in a net-leverage-neutral transaction.
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At the same time, Bowlero upsized its existing revolving credit facility by $35 million, increasing drawdown capacity to $200 million and bolstering its go-forward liquidity.
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The primary uses of proceeds from the transaction are to refinance the existing term loan B, repay outstanding existing borrowings under the revolving credit facility, and for general corporate purposes.
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For further details see:
Bowlero closes $900M term loan