Akin Gump Advises CEC Entertainment in $650 Million Private Notes Offering, $50 Million Credit Facility

(Dallas) – CEC Entertainment, LLC, a nationally recognized leader in family entertainment and dining, today announced that it closed a $650 million offering of its 6.750% senior secured notes due 2026 and a new $50 million revolving credit facility. A team from Akin Gump advised the company in the two transactions.

CEC Entertainment utilized the proceeds of the notes offering to refinance in whole its existing first-lien term loan and second-lien term loan, to pay fees and expenses related to the offering and the revolving credit facility, and to increase its cash available for general corporate purposes.

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The Akin Gump team advising CEC Entertainment included Daniel Fisher, leader of the firm’s integrated special situations group; capital markets partners Garrett DeVries and Ryan Cox; finance partner Lucas Charleston; counsel Clare Joyce, Paul Monsour and Kevin Schott; and associates Sam Alexander, Tyler Conte and Joseph Lumley.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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