Dave & Buster's

Financing

Dave & Buster’s stays afloat with $100M from Jefferies

The struggling eatertainment chain said it will use the money to “strengthen its balance sheet.”

Financing

Investors find opportunity in public casual-dining chains

First Cheesecake Factory, then BJ’s Restaurants, now Dave & Buster’s. RB’s The Bottom Line looks at the latest trend in investing amid the coronavirus.

The food and games chain has a deal with Jefferies to sell up to $75 million in stock to strengthen a balance sheet damaged by the coronavirus shutdown.

The eatertainment chain, which has shuttered all stores due to COVID-19, has about 15 weeks’ worth of cash available.

The food and games chain put a cap on the percentage of shares investors can own following a steep drop in its share price.

Chuck E. Cheese and Dave & Buster’s face weeks without game-playing customers, which could be devastating.

Coleman was previously president of Del Frisco’s Grille.

Private-equity firm KKR & Co. is discussing strategy with the eatertainment chain as it raises its stake to 10.7%.

The eatertainment chain reported a same-store sales drop of 4.1% for Q3.

The self-service terminals will allow users to purchase and reload game-play cards.

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