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Bowling center operator AMF Bowling Worldwide says it has filed for Chapter 11 bankruptcy so it can implement a pre-arranged restructuring agreement.
Virginia-based AMF announced the bankruptcy filing and the agreement Tuesday morning. The agreement is with a majority of the company's first lien lenders and the landlord of a majority of its bowling centers.
AMF says in a news release that it expects to complete the restructuring and leave Chapter 11 in about five months. AMF operates bowling alleys in East Haven, Norwalk, Milford and East Hartford.
The company says the restructuring will eliminate a significant amount of outstanding debt.
- Associated Press