Bowlero Corp. Enters Material Definitive Agreement
Ticker: LUCK · Form: 8-K · Filed: Aug 23, 2024 · CIK: 1840572
| Field | Detail |
|---|---|
| Company | Bowlero CORP. (LUCK) |
| Form Type | 8-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 B, $50 million, $335 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Bowlero Corp. just signed a big deal, expect financial moves.
AI Summary
On August 23, 2024, Bowlero Corp. entered into a material definitive agreement related to a direct financial obligation. The company, previously known as Isos Acquisition Corp. until January 14, 2021, is incorporated in Delaware and headquartered in Mechanicsville, VA.
Why It Matters
This filing indicates a significant financial transaction or commitment by Bowlero Corp., which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can involve significant financial commitments or changes in business structure, carrying inherent risks.
Key Players & Entities
- Bowlero Corp. (company) — Registrant
- Isos Acquisition Corp. (company) — Former company name
- August 23, 2024 (date) — Date of report and earliest event
- January 14, 2021 (date) — Date of name change
FAQ
What is the nature of the material definitive agreement Bowlero Corp. entered into?
The filing states that Bowlero Corp. entered into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.
What type of financial obligation is Bowlero Corp. undertaking?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 23, 2024.
What was Bowlero Corp.'s former name and when did the name change occur?
Bowlero Corp.'s former name was Isos Acquisition Corp., and the date of the name change was January 14, 2021.
Where is Bowlero Corp. incorporated and what is its business address?
Bowlero Corp. is incorporated in Delaware and its business address is 7313 Bell Creek Road, Mechanicsville, VA 23111.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-08-23 17:20:31
Key Financial Figures
- $0.0001 B — stered Class A common stock, par value $0.0001 BOWL The New York Stock Exchange Indic
- $50 million — The Eleventh Amendment provides for a $50 million increase (the "Incremental Revolving Co
- $335 million — dit Agreement to an aggregate amount of $335 million. The Incremental Revolving Commitments
Filing Documents
- dp217036_8k.htm (8-K) — 25KB
- dp217036_ex1001.htm (EX-10.1) — 1846KB
- 0000950103-24-012597.txt ( ) — 2430KB
- bowl-20240823.xsd (EX-101.SCH) — 3KB
- bowl-20240823_lab.xml (EX-101.LAB) — 33KB
- bowl-20240823_pre.xml (EX-101.PRE) — 22KB
- dp217036_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 23, 2024, Bowlero Corp. (the " Company ") entered into an Eleventh Amendment (the " Eleventh 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 Eleventh Amendment, the " Amended Credit Agreement "). Capitalized terms not defined herein are as defined in the Amended Credit Agreement. The Eleventh 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 $335 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 Eleventh Amendment Effective Date. The description above is a summary and is qualified in its entirety by the full text of the Eleventh 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 Eleventh Amendment, dated August 23, 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: August 23, 2024 By: /s/ Robert M. Lavan Name: Robert M. Lavan Title: Chief Financial Officer