CEC ENTERTAINMENT CLOSES $625 MILLION PRIVATE CREDIT TERM LOAN AGREEMENT and also amends its existing revolving credit facility

▤ Summary

CEC Entertainment closed a $625 million private credit term loan and amended its revolving credit facility. The company used the proceeds, together with cash on hand, to redeem its $650 million senior secured notes due in 2026 and cover related transaction costs. It also reduced the size of its revolving credit commitment from $100 million to $75 million. Management said the deal supports deleveraging, lower capital spending, and higher free cash flow while the business continues to push same-store sales and membership initiatives.

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