Bowlero Corp. Enters Material Definitive Agreement
Ticker: LUCK · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1840572
| Field | Detail |
|---|---|
| Company | Bowlero CORP. (LUCK) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 B, $50 million, $285 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Bowlero Corp. just signed a big deal, could mean new debt or financing.
AI Summary
On June 18, 2024, Bowlero Corp. entered into a material definitive agreement related to a direct financial obligation. The company, previously known as Isos Acquisition Corp., is incorporated in Delaware and operates in the amusement and recreation services sector.
Why It Matters
This filing indicates a significant financial transaction or obligation for Bowlero Corp., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Bowlero Corp. (company) — Registrant
- Isos Acquisition Corp. (company) — Former company name
- June 18, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Bowlero Corp. enter into?
The filing indicates the entry into a material definitive agreement related to a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on June 18, 2024.
What was Bowlero Corp.'s former name?
Bowlero Corp.'s former name was Isos Acquisition Corp.
In which state is Bowlero Corp. incorporated?
Bowlero Corp. is incorporated in Delaware.
What is Bowlero Corp.'s Standard Industrial Classification (SIC) code?
Bowlero Corp.'s SIC code is 7900, categorized under SERVICES-AMUSEMENT & RECREATION SERVICES.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-06-18 17:31:03
Key Financial Figures
- $0.0001 B — tered Class A common stock, par value $0.0001 BOWL The New York Stock Exchange Indic
- $50 million — nt. The Tenth Amendment provides for a $50 million increase (the "Incremental Revolving Co
- $285 million — dit Agreement to an aggregate amount of $285 million. The Incremental Revolving Commitments
Filing Documents
- dp212942_8k.htm (8-K) — 26KB
- dp212942_ex1001.htm (EX-10.1) — 1863KB
- 0000950103-24-008509.txt ( ) — 2447KB
- bowl-20240618.xsd (EX-101.SCH) — 3KB
- bowl-20240618_lab.xml (EX-101.LAB) — 33KB
- bowl-20240618_pre.xml (EX-101.PRE) — 22KB
- dp212942_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 18, 2024, Bowlero Corp. (the " Company ") entered into a Tenth Amendment (the " Tenth Amendment ") to the First Lien Credit Agreement, dated as of July 3, 2017, by and among the Company, Kingpin Intermediate Holdings LLC, a direct subsidiary of the Company, as borrower, the other guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto (as amended, restated, amended and restated, supplemented or otherwise modified and in effect prior to the date hereof, the " Existing Credit Agreement "; the Existing Credit Agreement, as amended by the Tenth Amendment, the " Amended Credit Agreement "). Capitalized terms not defined herein are as defined in the Amended Credit Agreement. The Tenth Amendment provides for a $50 million increase (the "Incremental Revolving Commitments") of the total revolving commitments under the Existing Credit Agreement to an aggregate amount of $285 million. The Incremental Revolving Commitments have the same terms as the existing revolving commitments under the Existing Credit Agreement, including interest rate and maturity date. The Incremental Revolving Commitment is undrawn as of the Tenth Amendment Effective Date. The description above is a summary and is qualified in its entirety by the full text of the Tenth Amendment and the Amended Credit Agreement, which are filed as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated herein by reference.
03 Creation of a Direct Financial Obligation or an Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Tenth Amendment, dated June 18, 2024, to the First Lien Credit Agreement, dated as of July 3, 2017, by and among Bowlero Corp., Kingpin Intermediate Holdings LLC, as borrower, the other guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BOWLERO CORP. Date: June 18, 2024 By: /s/ Robert M. Lavan Name: Robert M. Lavan Title: Chief Financial Officer