Bowlmor AMF Corp. 'B' Corporate Credit Rating Affirmed On Announced Acquisition; New Debt Rated; Outlook Stable - S&P Global Ratings’ Credit Research

Bowlmor AMF Corp. 'B' Corporate Credit Rating Affirmed On Announced Acquisition; New Debt Rated; Outlook Stable

Bowlmor AMF Corp. 'B' Corporate Credit Rating Affirmed On Announced Acquisition; New Debt Rated; Outlook Stable - S&P Global Ratings’ Credit Research
Bowlmor AMF Corp. 'B' Corporate Credit Rating Affirmed On Announced Acquisition; New Debt Rated; Outlook Stable
Published Jul 25, 2014
Published Jul 25, 2014
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Abstract:

Mechanicsville, Va.-based Bowlmor AMF Corp. (Bowlmor) plans to acquire the retail bowling business from Brunswick Corp. for a purchase price of $270 million. At the same time, Bowlmor is entering into a sale/leaseback transaction with iStar Financial Inc. for $200 million in proceeds. Bowlmor is issuing a new $430 million credit facility to help fund the transaction and to repay its existing debt. We are affirming all ratings on the company, including our 'B' corporate credit rating. NEW YORK (Standard&Poor's) July 25, 2014--Standard&Poor's Ratings Services today affirmed its 'B' corporate credit rating on Bowlmor AMF Corp., which is engaged in the business of operating bowling centers in the U.S. and Mexico. The outlook is stable. At

  
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MLA:
S&P Global Ratings’ Credit Research. "Bowlmor AMF Corp. 'B' Corporate Credit Rating Affirmed On Announced Acquisition; New Debt Rated; Outlook Stable" Jul 25, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bowlmor-AMF-Corp-B-Corporate-Credit-Rating-Affirmed-On-Announced-Acquisition-New-Debt-Rated-Outlook-Stable-1348988>
  
APA:
S&P Global Ratings’ Credit Research. (). Bowlmor AMF Corp. 'B' Corporate Credit Rating Affirmed On Announced Acquisition; New Debt Rated; Outlook Stable Jul 25, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bowlmor-AMF-Corp-B-Corporate-Credit-Rating-Affirmed-On-Announced-Acquisition-New-Debt-Rated-Outlook-Stable-1348988>
  
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