Bowlero Acquires Thunderbowl Lanes In Michigan; No Financial Terms Disclosed

Bowlero Corp. (NYSE:BOWL) ("Bowlero" or the "Company"), one of the world's premier operators of location-based entertainment, announced today they have entered into a definitive agreement to acquire Thunderbowl Lanes in Allen Park, Michigan, including the business and the underlying 8 acres of land. This transaction is expected to close in June 2024 and will be funded through an all-cash transaction.

Thunderbowl Lanes is the largest bowling center in the United States. This expansive location spans over 98,000 sq. ft. and is home to 90 state-of-the-art bowling lanes, banquet and meeting rooms, a sports bar, billiards, and the Greater Detroit Bowling Association Hall of Fame. The acquisition of Thunderbowl Lanes marks the company's sixth location in Michigan.