Bowling Firm Gains After $433m Sale-Leaseback Deal With Vici (2)

(Adds share move in first bullet, analyst comment starting in the second.)

• Bowlero rises about 8% after the owner and operator of bowling centers agreed to a $433 million sale-leaseback with Vici Properties for 38 bowling centers.
• “The favorable transaction should allow for an acceleration of company growth initiatives and debt reduction,” Noble analyst Michael Kupinski writes
  • He said the 38 bowling centers is only a small part of the company’s 300-plus centers
  • “As such, we believe that there remains a significant untapped potential monetization of the company’s total real estate portfolio,” the analyst said
• Bowlero said the bowling centers ...