Dave & Buster's to pay down debt, pay fees with stock proceeds

By Toni Weeks

San Diego, July 15 - Dave & Buster's Entertainment, Inc. said it will use the proceeds of its planned $150 million initial public offering of stock to pay down a portion of its debt and to pay fees and expenses associated with the offering, according to an S-1 filing with the Securities and Exchange Commission.

The company said that its debt may include its existing senior notes, discount notes and the term loan portion of its senior secured credit facility.

Dallas-based Dave & Buster's is an owner and operator of high-volume venues in North America that combine dining and entertainment for families and adults.

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