Mechanicsville, Va.-based Bowlmor AMF is preparing to emerge from bankruptcy and issue $260 million in senior secured debt. We are assigning our preliminary 'B' corporate credit rating to the company, and assigning the proposed credit facility our preliminary 'B' issue-level rating with a recovery rating of '3'. The stable rating outlook reflects our expectation that the company will generate levels of cash flow sufficient to support the proposed capital structure and maintain interest coverage above 1.5x. On June 5, 2013, Standard&Poor's Ratings Services assigned its preliminary 'B' corporate credit rating to Bowlmor AMF. The outlook is stable. At the same time, we assigned the company's proposed $260 million senior secured credit facilities, which will be issued by wholly
