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CEC ENTERTAINMENT: King & Spalding Represents Noteholder Group

Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure, the law firm of King & Spalding LLP submitted a verified statement that it is representing the Ad Hoc Noteholders in the Chapter 11 cases of CEC Entertainment, Inc., et al.

In May 2020, certain holders, or investment advisors, sub-advisers or managers of the account of such holders, of the 8.000% Senior Notes due 2022, issued by CEC Entertainment, Inc. pursuant to that certain Indenture, dated as of February 19, 2014, between the Company and Wilmington Trust, National Association, as trustee, engaged King & Spalding LLP to represent them in connection with the potential restructuring of the Debtors.

K&S represents only the Ad Hoc Noteholders and does not represent or purport to represent any entities other than the Ad Hoc Noteholders in connection with the Debtors’ chapter 11 cases. In addition, the Ad Hoc Noteholders, both collectively and through the individual members, do not represent or purport to represent any other entities in connection with the Debtors’ chapter 11 cases.

As of June 26, 2020, each Ad Hoc Noteholder and their disclosable economic interests are:

Longfellow Investment Management Co., LLC
20 Winthrop Square
Boston, MA 02110
Attn: David Stuehr
Phone: (617) 695-3504

* Notes: $4,775,000

Prudential Financial, Inc.
655 Broad Street, 19th Floor
Newark, NJ 07102
Attn: Gregory Cass
Phone: (973) 802-6000

* Notes: $90,469,000
* Term Loans: $34,028,875

Resource Credit Income Fund
717 Fifth Ave, 14th Fl
New York, NY 10022
Attn: Mike Terwilliger
Phone: (212) 506-3899

* Notes: $11,549,000

Westchester Capital Management
100 Summit Lake Drive
Valhalla, NY 10595
Attn: Steve Tan
Phone: (914) 741-5600

* Notes: $11,500,000

K&S does not own, nor has it ever owned, any claims against the Debtors except for claims for services rendered to the Ad Hoc Noteholders. K&S may at some future time seek to have its fees and disbursements incurred on behalf of the Ad Hoc Noteholders paid by the Debtors’ estates pursuant to title 11 of the United States Code or as otherwise permitted in the Debtors’ chapter 11 cases. K&S does not perceive any actual or potential conflict of interest with respect to the representation of the Ad Hoc Noteholders in the Debtors’ chapter 11 cases.

All of the information contained herein is intended only to comply with Bankruptcy Rule 2019 and is not intended for any other purpose. Nothing contained in this Verified Statement should be construed as a limitation upon, or waiver of, any Ad Hoc Noteholders’ right to assert, file and/or amend its claims in accordance with applicable law and any orders entered in the Debtors’ chapter 11 cases.

The Ad Hoc Noteholders, through their undersigned counsel, further reserve the right to supplement and/or amend this Verified Statement in accordance with the requirements set forth in Bankruptcy Rule 2019 at any time in the future.

Counsel for the Ad Hoc Noteholders can be reached at:

King & Spalding LLP
Michael Rupe, Esq.
1185 Avenue of the Americas
NY, NY 10036
Telephone: (212) 556-2135
Email: mrupe@kslaw.com

– and –

Matthew L. Warren, Esq.
Lindsey Henrikson, Esq.
353 North Clark Street, 12th Floor
Chicago, IL 60654
Telephone: (312) 764-6921
(312) 764-6924
Email: mwarren@kslaw.com
lhenrikson@kslaw.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://is.gd/vyIn4i.

About CEC Entertainment

CEC Entertainment is a family entertainment and dining company that owns and operates Chuck E. Cheese and Peter Piper Pizza restaurants. As of Dec. 31, 2019, the Company and its franchisees operate a system of 612 Chuck E. Cheese restaurants and 129 Peter Piper Pizza stores, with locations in 47 states and 16 foreign countries and territories.

CEC Entertainment recorded a net loss of $28.92 million for the year ended Dec. 29, 2019, compared to a net loss of $20.46 million for the year ended Dec. 30, 2018. As of Dec. 29, 2019, the Company had $2.12 billion in total assets, $1.90 billion in total liabilities, and $213.78 million in total stockholders’ equity.

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