New York, July 25, 2014 -- Moody's Investors Service (Moody's) has affirmed Bowlmor AMF Corp.'s (Bowlmor AMF) B3 corporate family rating (CFR). As part of the rating action, Moody's has assigned a B2 rating to the new $430 million 1st lien credit facility which includes a $400 million 7 year term loan and a $30 million 5 year revolver. The probability of default rating (PDR) was downgraded to Caa1-PD from B3-PD due to the change from a first and second lien debt structure to a first lien only structure. The rating outlook is stable.
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