![]() AMF's first lien lenders received payment in full, in cash, of principal, interest at the non-default rate, and their fees. Credit Suisse provided a $230 million term loan facility and a $30 million revolving loan facility, and the largest holders of AMF's existing second lien debt provided $50 million of backstop financing to provide working capital for Bowlmor AMF and to pay cash distributions in varying amounts to AMF's other creditors. In the AMF Bowling reorganization, AMF's second lien lenders converted their debt into equity in Bowlmor AMF. ![]() At time of the merger, the merged company operated 272 bowling centers and had 7,500 employees and a combined annual revenue of approximately $450 million. The new company was jointly owned by Bowlmor, certain of AMF Bowling's second lien lenders including an affiliate of Cerberus Capital Management, and Credit Suisse. History īowlmor AMF was formed in July 2013 when AMF Bowling Worldwide, which had filed for Chapter 11 bankruptcy in May 2012, reorganized and combined with Strike Holdings LLC, which operated the upscale Bowlmor Lanes. centers represent 7% of the country's 4,200 commercial bowling centers. ![]() ![]() The company's main bowling center brands in the United States include the namesake Bowlero brand, the upscale Bowlmor Lanes, and the legacy AMF Bowling brand. Īs of September 2019, Bowlero Corporation is also the parent company of the Professional Bowlers Association (PBA). The centers have an average of 40 lanes compared to the U.S. It is the largest ten-pin bowling center operator in the world with around 300 centers, almost all of which are located in the United States. Bowlero Corporation (formerly known as Bowlmor AMF) is an American bowling center operator.
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