AMF merges to exit bankruptcy

AMF Bowling Worldwide filed for protection under Chapter 11 late last year with a $300 million debt load that was preventing it from making improvements to attract more customers. This week a bankruptcy judge approved a plan that will allows the merger of AMF with Bowlmor, New York based company that operates high-end bowling centers. The plan will pay first-lien holders in full and give second-lien holders an ownership in the new company.

For more read, “AMF Bowling plan to emerge from bankruptcy approved.

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