CEC Entertainment closes $50 million revolving credit facility

By Marisa Wong

Los Angeles, April 23 – CEC Entertainment, LLC announced it closed a new $50 million revolving credit facility alongside a new issue of senior secured notes.

The company had priced $650 million of 6¾% notes due 2026, proceeds of which were used to refinance in whole its existing first-lien term loan and second-lien term loan, to pay fees and expenses related to the offering and the revolver and to increase its cash available for general corporate purposes.

The notes and revolver are guaranteed on a senior basis by CEC Entertainment Holdings II, LLC, the company’s parent, and the company’s existing and future domestic subsidiaries.

Based in Iriving, Texas, CEC Entertainment owns and operates chains like Chuck E. Cheese and Peter Piper Pizza.

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