AMF Bowling Worldwide Inc. has filed a Chapter 11 petition in Richmond, Va., Bloomberg News reported this morning.
According to the report, AMF already had negotiated a reorganization plan with a majority of first-lien lenders and the landlord for a majority of its bowling centers. The bankruptcy is the second in 11 years for the company.
AMF Bowling Worldwide is not affiliated with capital equipment manufacturer QubicaAMF.
We'll have more on the story in the December issue of Bowlers Journal International.