Lucky Strike Entertainment Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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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.
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.
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits.
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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 | |