- On **September 22, 2025**, Kingpin Holdings Intermediate LLC, a subsidiary of Lucky Strike Entertainment Corporation, completed an offering of **$500.0 million** aggregate principal amount of **7.250% senior secured notes due 2032**.  **[1840572_0000950103-25-011980_dp234654_8k.htm:0]** 
- The notes bear interest at **7.250% per annum**, payable semi-annually beginning April 15, 2026, and will mature on **October 15, 2032**.  **[1840572_0000950103-25-011980_dp234654_8k.htm:0]** 
- The net proceeds from this notes offering, along with proceeds from a New Term Loan Facility, were used to **repay in full** the Issuer's existing credit agreement, which included **$1.28 billion** outstanding under an existing first lien term loan and **$230.0 million** outstanding under a 364-day bridge loan.  **[1840572_0000950103-25-011980_dp234654_8k.htm:0]**

Lucky Strike Entertainment Subsidiary Completes Senior Secured Notes Offering and Debt Refinancing

- Lucky Strike Entertainment Corporation's subsidiary, Kingpin Intermediate Holdings LLC, has priced an offering of **$500 million** aggregate principal amount of **7.250% senior secured notes due 2032**.  **[1840572_0001840572-25-000019_pricingpressrelease.htm:0]** **[1840572_0001840572-25-000019_bowl-20250916.htm:1]**  The notes will be sold at **100% of the principal amount**.  **[1840572_0001840572-25-000019_pricingpressrelease.htm:0]** **[1840572_0001840572-25-000019_bowl-20250916.htm:1]** 
- The company also allocated a **$1,200 million New Term Loan Facility** maturing in 2032, with interest expected to accrue at **Term SOFR +3.25% per annum**, stepping down to Term SOFR +3.00%.  **[1840572_0001840572-25-000019_pricingpressrelease.htm:0]** **[1840572_0001840572-25-000019_bowl-20250916.htm:1]**  The allocated size for this facility was increased from the previously announced $1,000 million.  **[1840572_0001840572-25-000019_pricingpressrelease.htm:0]** **[1840572_0001840572-25-000019_bowl-20250916.htm:1]** 
- The net proceeds from the notes offering, the New Term Loan Facility, and a refinanced revolving credit facility (expected to include commitments of approximately **$425 million**) are anticipated to be used to **refinance existing term loan facilities and revolving credit facility**.  **[1840572_0001840572-25-000019_pricingpressrelease.htm:0]** **[1840572_0001840572-25-000019_bowl-20250916.htm:1]** 
- The closing of the Notes offering is expected to occur around **September 22, 2025**.  **[1840572_0001840572-25-000019_pricingpressrelease.htm:0]** **[1840572_0001840572-25-000019_bowl-20250916.htm:1]**

Lucky Strike Entertainment Announces Pricing of Senior Secured Notes and Refinancing

- Lucky Strike Entertainment reported a **6.1% increase in total revenue** to **$301.2 million** for the fourth quarter of fiscal year 2025, and a **4.0% increase** to **$1,201.3 million** for the full fiscal year 2025, which ended on June 29, 2025.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:0]**  The company posted a **net loss of $74.7 million** in Q4 2025 and a **net loss of $10.0 million** for the full fiscal year 2025.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:0]**  Adjusted EBITDA for Q4 2025 was **$88.7 million** and **$367.7 million** for the full fiscal year.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:0]** 
- For fiscal year 2026, the company is guiding for **Total Revenue Growth of 5% to 9%**, with projected total revenue between **$1,260 million and $1,310 million**, and Adjusted EBITDA between **$375 million and $415 million**.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:0]** 
- Lucky Strike Entertainment repurchased **0.8 million shares** of Class A common stock for approximately **$7 million** from March 31, 2025, through June 29, 2025, and a total of **6.8 million shares** for approximately **$72 million** for the full fiscal year 2025.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:1]**  A quarterly cash dividend of **$0.055 per share** was declared for the first quarter of fiscal year 2026, payable on September 12, 2025.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:1]** 
- The company added **14 locations** during fiscal year 2025, bringing the total number of locations in operation to **370** as of August 28, 2025.  **[1840572_0001840572-25-000011_pressreleaseq4fy-25.htm:0]**

Lucky Strike Entertainment (LUCK)