AMF Bowling Worldwide Inc. has merged with Strike Holdings LLC, which does business as Bowlmor, to create Bowlmor AMF.

AMF, which filed for Chapter 11 bankruptcy protection on Nov. 13, will reorganize and merge with Bowlmor. The new company will be jointly owned by Bowlmor, and some of AMF’s second-lien lenders, including an affiliate of Cerberus Capital Management LP and Credit Suisse.

Bowlmor AMF will have three brands of bowling centers: Bowlmor Centers, Bowlero Center sand AMF Centers. The company will operate 264 centers in the U.S. and eight in Mexico.

The merged units will also hold a 50 percent stake in Qubica AMF, which provides bowling scoring, pinsetters, lanes, ball returns, pins and other equipment.

AMF listed between $100 million and $500 million in assets and liabilities on its petition. AMF’s reorganization plan was confirmed on June 25, court documents show. 

For information on distressed companies, see Mergers & Acquisitions' Distressed Company Watch List.

Restructuring