To finance its acquisition by financial sponsor Atairos Group Inc., Bowlmor AMF Corp. (through its borrower subsidiary Kingpin Intermediate Holdings LLC) will issue first-lien debt consisting of a $50 million revolving credit facility due 2022, a $535 million first-lien term loan due 2024, and a second-lien term loan of $160 million due 2025. We are affirming our 'B' corporate credit rating on Bowlmor AMF Corp. We are also assigning our 'B+' issue-level rating to the revolving credit facility and the first-lien term loan, and our 'CCC+' issue-level rating to the second-lien term loan. We anticipate Bowlmor's existing debt to be refinanced upon close of the transaction, at which time we plan to withdraw the debt ratings. The stable outlook reflects
