Dave & Buster's talks $200 million eight-year notes to yield 11%-11¼%

By Paul A. Harris

St. Louis, May 18 - Games Merger Corp. (Dave & Buster's, Inc.) talked its $200 million offering of eight-year senior notes (B3/B-) to yield 11% to 11¼%, an informed source said on Thursday.

The books close at noon ET Wednesday, and the notes are expected to price thereafter.

J.P. Morgan Securities Inc. and Jefferies & Co. are the joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

The notes come with four years of call protection.

Proceeds will be used to fund the acquisition of Dave & Buster's by Oak Hill Capital Partners.

Games Merger will be merged with and into Dave & Buster's, a Dallas-based operator of family restaurant and entertainment properties.

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