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. On July 25, 2014, Standard&Poor's Ratings Services 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 the same time, we
