NEW YORK (Standard&Poor's) July 18, 2014--Standard&Poor's Ratings Services said today that its 'B' corporate credit rating on Bowlmor AMF (Bowlmor) is not currently affected by Bowlmor's announced acquisition of Brunswick Corp.'s retail bowling business. We estimate a purchase price of the business of $270 million and the EBITDA multiple to be greater than 7x on the transaction. The acquisition will improve Bowlmor's scale and geographic diversification, increasing the number of bowling centers to around 343. Nevertheless, the secular challenges facing the bowling center industry because of declining league participation and the resulting increased reliance on more impulse-driven open bowling and food and beverage spending drives our business risk assessment of "weak." This transaction does not change
