Dave & Buster's Entertainment (PLAY) has tapped Moelis (MC) to help tackle its $1.5 billion debt load, which consists of term loans and a revolving credit facility, Bloomberg reported Wednesday, citing people familiar with the matter.
Separately, a group of Dave & Buster's creditors is working with PJT Partners (PJT) and Gibson Dunn & Crutcher, the report said.
The creditors have concluded a cooperation agreement and are seeking additional signatures for wider support, according to the report.
Dave & Buster's, Moelis, PJT Partners, and Gibson Dunn & Crutcher did not immediately reply to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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