Chuck E. Cheese plans to start roadshow Monday for $305 million eight-year senior notes

By Paul A. Harris

Portland, Ore., Feb. 7 - CEC Entertainment, Inc., the Irving, Texas-based operator of Chuck E. Cheese's family dining and entertainment stores, plans to begin a roadshow on Monday for its $305 million offering of eight-year senior notes, according to a syndicate source.

The deal is set to price late in the week ahead.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Investment Bank and Apollo are the joint bookrunners for the Rule 144A and Regulation S for life notes.

The notes become callable after three years at par plus 75% of the coupon and feature a three-year 40% equity clawback and a 101% poison put.

Proceeds will be used to fund the leveraged buyout of the company by Apollo Global Management.

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