Dave & Buster’s driving by with $500 million five-year secured notes; talk mid-to-high 8% area

By Paul A. Harris

Portland, Ore., Oct. 19 – Dave & Buster's Entertainment, Inc. plans to price a $500 million offering of five-year senior secured notes in a Monday drive-by, according to market sources.

Initial price talk has the deal coming to yield in the mid-to-high 8% area, a trader said.

J.P. Morgan Securities LLC is leading the notes sale.

The notes come with two year of call protection.

The issuing entity will be Dave & Buster's, Inc., a wholly owned subsidiary of Dave & Buster's Entertainment.

The Dallas-based restaurant and entertainment company plans to use the proceeds to pay off its term loan and revolving credit facility, which will become available for future liquidity and general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.