Bowlmor Lanes Closes Debt Recap

Bowlmor Lanes has closed a debt recapitalization with Medley. FocalPoint Securities served as Bowlmor’s exclusive financial advisor in the transaction. Bowlmor owns and operates stylish, upscale bowling properties located throughout the United States

PRESS RELEASE

Bowlmor Lanes (“Bowlmor” or the “Company”) has announced the successful closing of a debt recapitalization with Medley LLC (“Medley”). FocalPoint Securities, LLC (“FocalPoint”) served as Bowlmor’s exclusive financial advisor in the transaction.

Bowlmor Lanes was founded in 1997 when Tom Shannon acquired a bowling alley in Manhattan, which he has since transformed into one of the city’s hottest and most compelling entertainment venues. The concept resonated with a broad array of consumers, from families to corporate executives to twenty-somethings. Since this initial acquisition, the Company has expanded nationally and currently has a portfolio of units located in NYC, Southern California, Florida and Washington DC.

Brett Parker, CFO of Bowlmor said, “This transaction will allow us to recapitalize our balance sheet as well as provide additional liquidity going forward. The FocalPoint team was dedicated to our process from day one and diligently worked to find us the best partner. Ultimately, their hard work and expertise helped to drive this process to a successful close.”

Rajesh Sood, Managing Director at FocalPoint stated, “We are pleased that we were able to help the Bowlmor team find the best solution for their financing requirements. Together with restaurants, location based entertainment has been a very active sector for FocalPoint. Our experience in this sector affords us an extraordinary perspective on both the credit considerations and investor activity in the industry.”

About Bowlmor Lanes
Bowlmor owns and operates stylish, upscale bowling properties located throughout the United States which offer an excellent and distinctive entertainment experience. The Company currently has six locations including Union Square and Times Square in New York City, Metro Washington, D.C.; Miami; and Silicon Valley and Orange County, California. For more information, visit www.bowlmor.com.

About Medley LLC
MCC Advisors LLC, an affiliate of Medley LLC (“Medley”), is a registered investment adviser under the Investment Advisers Act of 1940, as amended. Medley specializes in credit investing, including direct private lending and corporate credit related strategies and provides first lien, second lien and unitranche term loans to lower middle-market and middle-market companies with an investment size between $7-$50 million. Medley will support acquisition and growth financings, leveraged buyouts, management buyouts, bank debt restructurings, CAPEX, Chapter 11 exit financing and DIP financing. Medley is headquartered in New York with offices in San Francisco. For more information, visit www.medleycapital.com.

About FocalPoint Securities, LLC
FocalPoint is an independent investment bank with offices in Los Angeles and Chicago, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings/work-outs. The firm’s primary focus is on middle-market companies.
Please contact Rajesh Sood or Gayane Kirakosyan with any questions about this transaction.