DISTRESSED DAILY: Bowling Empire Looks for Strike After Pandemic

Bowlero Corp. is doing what it can to ensure its bowling business doesn’t end up in the gutter as pandemic pressures barrel into the new year.

The owner and operator of bowling entertainment centers was forced to close some of its recently reopened facilities after a resurgence of Covid-19, muting its path to recovery. Still, Bowlero should have enough liquidity to survive a “moderate” number of closures and reduced revenue as long as trends move in a positive direction, according to a December report from S&P Global Ratings.

Brett Parker, Bowlero’s chief financial officer, said in an emailed statement ...