Bowlero completes $432.9 million sale-leaseback with vici properties

Richmond, va.--(business wire)--bowlero corp. (nyse: bowl) (“bowlero”), the global leader in bowling entertainment, today completed a transaction with vici properties inc. (“vici”) relating to the transfer of land and real estate assets of 38 bowling entertainment centers across 17 states for aggregate value of $432.9 million. the transaction was structured as a tax-deferred capital contribution, and proceeds are expected to be used to accelerate new builds, deploy capital into acquisitions and.
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