Lucky Strike Entertainment Corp. Files Material Definitive Agreement

TL;DR

Lucky Strike Entertainment Corp. just signed a big deal, details to come.

AI Summary

On December 17, 2024, Lucky Strike Entertainment Corp. entered into a material definitive agreement. The company, formerly known as Bowlero Corp. and Isos Acquisition Corp., filed an 8-K report detailing this agreement. The filing does not specify the nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new contract or partnership for Lucky Strike Entertainment Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement's nature and terms introduces uncertainty.

Key Players & Entities

• Lucky Strike Entertainment Corp. (company) — Registrant
• Bowlero Corp. (company) — Former company name
• Isos Acquisition Corp. (company) — Former company name
• December 17, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 LUCK The New York Stock Exchange In
• $150 million — nt. The Twelfth Amendment provides for $150 million of incremental term loans (the " Increm

Filing Documents

• dp222212_8k.htm (8-K) — 25KB
• dp222212_ex1001.htm (EX-10.1) — 1809KB
• 0000950103-24-017904.txt ( ) — 2391KB
• luck-20241217.xsd (EX-101.SCH) — 3KB
• luck-20241217_lab.xml (EX-101.LAB) — 33KB
• luck-20241217_pre.xml (EX-101.PRE) — 22KB
• dp222212_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 17, 2024, Lucky Strike Entertainment Corporation (the " Company ") entered into a Twelfth Amendment (the " Twelfth 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 Twelfth Amendment, the " Amended Credit Agreement "). Capitalized terms not defined herein are as defined in the Amended Credit Agreement. The Twelfth Amendment provides for $150 million of incremental term loans (the " Incremental Term Loans "). The Incremental Term Loans have the same terms as the existing terms loans under the Existing Credit Agreement, including with respect to amortization, interest rate and maturity date. Proceeds of the Incremental Term Loans will be used for general corporate purposes (which may include acquisitions or other transactions). The description above is a summary and is qualified in its entirety by the full text of the Twelfth 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 Twelfth Amendment, dated December 17, 2024, to the First Lien Credit Agreement, dated as of July 3, 2017, by and among Lucky Strike Entertainment Corporation, 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. LUCKY STRIKE ENTERTAINMENT CORPORATION Date: December 17, 2024 By: /s/ Robert M. Lavan Name: Robert M. Lavan Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR