AMF Bowling to launch $375 million credit facility on Thursday

By Sara Rosenberg

New York, May 15 - AMF Bowling Worldwide, Inc. is scheduled to hold a bank meeting on Thursday to launch its proposed $375 million credit facility, according to a market source.

Credit Suisse is the lead bank on the deal.

The facility consists of a $60 million revolver, a $210 million six-year first-lien term loan and a $105 million 61/2-year second-lien term loan.

Proceeds will be used to refinance existing debt and fund a dividend payment.

The deal is expected to close in June.

AMF Bowling is a Richmond, Va., operator of bowling centers.

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