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CEC ENTERTAINMENT: Akin Gump Represents Term Lender Group

Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure, the law firm of Akin Gump Strauss Hauer & Feld LLP submitted a verified statement to disclose that it is representing the Ad Hoc Lender Group in the Chapter 11 cases of CEC Entertainment, Inc., et al.

The Ad Hoc Lender Group comprised of certain unaffiliated holders of (i) the term loans and revolving loans outstanding under that certain First Lien Credit Agreement, dated as of August 30, 2019, among Debtor CEC Entertainment, Inc., as borrower, Debtor Queso Holdings Inc., the Term Facility Lenders, the Revolving Facility Lenders, Credit Suisse AG, Cayman Islands Branch, as administrative agent, and other financial institutions party thereto and (ii) the 8.00% Senior Notes due 2022, issued by Debtor CEC Entertainment, Inc. pursuant to that certain Indenture, dated as of February 19, 2014.

The Ad Hoc Lender Group engaged Akin Gump Strauss Hauer & Feld LLP on April 14, 2020 to represent it in connection with a potential restructuring of the Debtors.

Akin Gump represents only the Ad Hoc Lender Group. Akin Gump does not represent the Ad Hoc Lender Group as a “committee” and does not undertake to represent the interests of, and is not a fiduciary for, any creditor, party in interest or other entity that has not signed a retention agreement with Akin Gump. In addition, the Ad Hoc Lender Group does not represent or purport to represent any other entities in connection with the Debtors’ chapter 11 cases.

As of July 8, 2020, members of the Ad Hoc Lender Group and their disclosable economic interests are:

American Money Management Corp.
301 E. Fourth Street 27th Floor
Cincinnati, OH 45202

* First Lien Term Loans: $2,985,000

Arbour Lane Capital Management
777 3rd Avenue
14th Floor
New York, NY 10017

* First Lien Term Loans: $30,008,000

Arena Capital Advisors, LLC
12121 Wilshire Boulevard Suite 1010
Los Angeles, CA 90025

* First Lien Term Loans: $15,604,292.07

Ares Management LLC
2000 Avenue of the Stars 12th Floor
Los Angeles, CA 90067

* First Lien Term Loans: $4,974,999.98

Bank of Montreal
115 S. LaSalle Street 25th Floor
Chicago, IL 60614

* Revolving Loans: $19,000,000

BlueMountain Capital Management
Capital Management
280 Park Avenue 12th Floor
New York, NY 10017

* First Lien Term Loans: $9,950,000

Carlson Capital, L.P.
2100 McKinney Avenue, Suite 1800
Dallas, TX 75201

* First Lien Term Loans: $5,000,000

Catalur Capital Management, LP
60 East 42nd Street Suite 2107
New York, NY 10165

* First Lien Term Loans: $3,000,000

Citibank, N.A.
388 Greenwich Street
New York, NY 10013

* Revolving Loans: $10,000,000

Credit Suisse AG
Cayman Islands Branch
Eleven Madison Avenue
New York, NY 10010

* Revolving Loans: $25,000,000

Deutsche Bank New York
60 Wall Street
New York, NY 10005-2836

* Revolving Loans: $25,000,000

Fidelity Management & Research Co.
200 Seaport Blvd, V13H
Boston MA 02210

* First Lien Term Loans: $33,336,241

Fortress Investment Group LLC
1345 Avenue of the Americas
46th Floor
New York, NY 10105

* First Lien Term Loans: $10,000,000

GSO Capital Partners LP
GSO / Blackstone
Debt Funds Management LLC
345 Park Avenue
31st Floor
New York, NY 10154

* First Lien Term Loans: $58,063,250.15

Hill Path Capital
150 E. 58th Street 32nd Floor
New York, NY 10155

* First Lien Term Loans: $64,320,890
* Unsecured Notes: $29,962,000

Indaba Capital Fund, L.P.
One Letterman Drive
Building D, Suite DM700
San Francisco, CA 94129

* First Lien Term Loans: $49,255,507.85

ICG Debt Advisors
600 Lexington Avenue
New York, NY 10022

* First Lien Term Loans: $35,583,095.21

Jefferies Finance LLC
520 Madison Avenue 16th Floor
New York, NY 10022

* Revolving Loans: $5,000,000

J.H. Lane Partners Master Fund, LP
126 E. 56th Street Suite 1620
New York, NY 10022

* First Lien Term Loans: $4,241,854.63

Monarch Alternative Capital LP
535 Madison Avenue 26th Floor
New York, NY 10022

* First Lien Term Loans: $60,890,439

MSD Capital, L.P.
645 Fifth Avenue
21st Floor
New York, NY 10022-5910

* First Lien Term Loans: $24,875,000

MSD Partners, L.P.
645 Fifth Avenue
21st Floor
New York, NY 10022-5910

* First Lien Term Loans: $17,941,518.34

Octagon Credit Investors, LLC
250 Park Avenue 15th Floor
New York, NY 10177

* First Lien Term Loans: $38,220,000

Par Four Investment Management LLC
50 Tice Boulevard
Suite 314
Woodcliff Lake, NJ 07677

* First Lien Term Loans: $6,715,625

RFG-Clover LLC
1250 Fourth Street
5th Floor
Santa Monica, CA 90401

* First Lien Term Loans: $43,812,500

Second Lien LLC
200 Greenwich Avenue
Greenwich, CT 06830

* First Lien Term Loans: $59,700,000

UBS AG, Stamford Branch
600 Washington Blvd 10th Floor
Stamford, CT 06901

* Revolving Loans: $25,000,000

Wazee Street Capital Management
8101 E. Prentice Avenue Suite 610
Greenwood Village, CO 80111

* First Lien Term Loans: $5,502,250

Western Asset Management Company, LLC
385 E Colorado Boulevard
Pasadena, CA 91101

* First Lien Term Loans: $22,995,186

WhiteStar Asset Management
c/o Meredith Hinton
200 Crescent Court Suite 1175
Dallas, TX 75201

* First Lien Term Loans: $18,763,231.20

ZAIS Group LLC
101 Crawfords Corner Road Suite 1206
Holmdel, NJ 07733

* First Lien Term Loans: $20,404,968.67

Counsel to the Ad Hoc Lender Group can be reached at:

AKIN GUMP STRAUSS HAUER & FELD LLP
Marty L. Brimmage, Jr., Esq.
Lacy M. Lawrence, Esq.
1700 Pacific Avenue, Suite 4100
Dallas, TX 75201
Telephone: (214) 969-2800
Facsimile: (214) 969-4343
Email: mbrimmage@akingump.com
llawrence@akingump.com

– and –

Ira S. Dizengoff, Esq.
Philip C. Dublin, Esq.
Jason P. Rubin, Esq.
One Bryant Park
New York, NY 10036
Telephone: (212) 872-1000
Facsimile: (212) 872-1002
Email: idizengoff@akingump.com
pdublin@akingump.com
jrubin@akingump.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://is.gd/D84p3N

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, CEC Entertainment 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, CEC Entertainment had $2.12 billion in total assets, $1.90 billion in total liabilities, and $213.78 million in total stockholders’ equity.

On June 24, 2020, CEC Entertainment and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-33163). Judge Marvin Isgur oversees the
cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy counsel; FTI Consulting, Inc. as financial advisor; PJT Partners LP as investment banker; Hilco Real Estate, LLC as real estate advisor; and Prime Clerk, LLC, as claims, noticing and solicitation agent.

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