TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
July 16, 2025
Source: Investing.com
Lucky Strike Entertainment Corp. (NYSE:LUCK) announced Wednesday that it has entered into a Fourteenth Amendment to its First Lien Credit Agreement, increasing its total revolving credit commitments by $50 million to a new aggregate of $385 million. The agreement was executed with JPMorgan Chase (NYSE:JPM) Bank, N.A. as administrative agent and includes Kingpin Intermediate Holdings LLC, a direct subsidiary, as borrower. The company, currently valued at $1.43 billion, operates with total debt of $3.04 billion and maintains an EBITDA of $292.55 million
According to the company’s statement in a regulatory filing, the incremental revolving commitments carry the same terms as the existing facility, including interest rate and maturity date. The original credit agreement was dated July 3, 2017, and has been amended multiple times prior to this latest change. InvestingPro analysis indicates the company operates with a significant debt burden, with short-term obligations exceeding liquid assets as reflected in its current ratio of 0.64.
The filing also noted that the Fourteenth Amendment and the updated credit agreement were included as exhibits to the current report. No additional changes to the terms or covenants were disclosed.
This information is based on a statement made in a press release included in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Lucky Strike Entertainment has acquired the real estate underlying 58 of its venues for $306 million, converting the company from tenant to owner at these locations. This strategic move is expected to be immediately accretive to both earnings and cash flow. Stifel reiterated its Buy rating on Lucky Strike, maintaining a $12 price target, and noted that the recent real estate acquisition could positively impact the company’s long-term financial health. Texas Capital Securities initiated a Buy rating with a $14 price target, highlighting potential operational efficiencies and a return to positive same-store sales by fiscal year 2026.
In addition, Lucky Strike has appointed Richard Born and Jason Harinstein to its Board of Directors, bringing expertise in hospitality, real estate, finance, and technology. Stifel recently adjusted its price target from $13 to $12, citing challenges in the events business but suggesting potential improvements in same-store sales and other business segments. The company financed its recent acquisition through a combination of a bridge facility, revolving credit, and cash on hand. These developments reflect Lucky Strike’s ongoing efforts to optimize its capital structure and strengthen its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
