AMF Bowling To Merge With Bowlmor Under New Ch. 11 Plan

Law360, New York (May 20, 2013, 7:37 PM EDT) -- AMF Bowling Worldwide Inc. has scrapped its previous Chapter 11 plan and says it will merge with Strike Holdings LLC, known as Bowlmor, creating what it says will be the world’s largest bowling operator, according to documents filed Friday.

Under the modified plan, junior lenders, who are owed $80 million, will convert their debt into equity and take control of the new entity. Credit Suisse and Cerberus Series Four Holdings LLC, a unit of private equity firm Cerberus Capital Management LP, are among the second-lien lenders...
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