On October 27, 2020, Dave & Buster's Entertainment, Inc. announced that its indirect wholly-owned subsidiary, Dave & Buster's, Inc. has completed its previously announced offering of $550 million in aggregate principal amount of its 7.625% senior secured notes due 2025, according to a Form 8-K release. The Notes are guaranteed on a senior secured basis by the same subsidiaries of the Company that guarantee its Revolving Credit Facility.

The Company used the proceeds from the Offering to repay all amounts outstanding under its Term Loan Facility and to repay drawings under its Revolving Credit Facility, which, subject to the terms thereof, will be available to be drawn in the future for general corporate purposes and future liquidity. J.P. Morgan acted as lead book running manager, BofA Securities, Wells Fargo Securities, Capital One Securities, Regions Securities LLC and Truist Securities acted as additional book running managers and BBVA, Fifth Third Securities, PNC Capital Markets LLC, BMO Capital Markets, Stifel, SYNOVUS and Webster Bank acted as co-managers in connection with the Offering. Jefferies LLC acted as debt advisor to the Company.

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