Dave & Buster's $100 million term loan broke at 100 1/4 and traded up to 100 1/2. JPMorgan leads the deal, which also includes a $60 million revolver. The financing backs the leveraged buyout of the company by private equity sponsor Wellspring Capital Management. The private equity firm provided Dave & Buster's with the equity and debt financing for the deal. A Dave & Buster's spokesperson did not return calls.
Dave & Buster's Term Loan Breaks Above Par