AMF Bowling buys back $12.7 million 10% notes

New York, May 11 - AMF Bowling Worldwide, Inc. said it has bought back $12.7 million of its 10% senior subordinated notes due 2010 since the end of its third fiscal quarter on March 27.

AMF also said that during the third quarter it made an offer to buy back $46.8 million of the notes at 102% of par and actually purchased $100,000 of the notes. The offer was required as a condition of a planned dividend payment, although the payment was never made because the company was prohibited by a subsequent change in its rating outlook.

The Richmond, Va., bowling center operator and manufacturer of bowling and billiards products disclosed the repurchases in a 10-Q filing with the Securities and Exchange Commission.

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