[February 28, 2011] Dave & Buster's Reports Completion of Offering by its Indirect Parent Holding Company Tweet Mar 01, 2011 (Close-Up Media via COMTEX) -- Dave & Buster's Inc. announced that its indirect parent holding company, Dave & Buster's Parent, Inc., has completed the previously announced private placement of approximately $180.8 million aggregate principal amount at maturity of 12.25 percent Senior Discount Notes due 2016, generating gross proceeds of approximately $100 million. According to a release, the Notes are obligations of Parent, not of the Company or the Company's subsidiaries. The Company will not receive any of the proceeds of the offering. Parent intends to use all of the net proceeds of the offering to pay a dividend to, or repurchase a portion of Parent's common stock owned by, its stockholders and to pay related fees and expenses. Dave & Buster's the national owner and operator of 57 high-volume venues that offer interactive entertainment options for adults and families. More information: www.daveandbusters.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]