Dave & Buster’s Completes At-The-Market Offering

Paul, Weiss advised Dave & Buster’s Entertainment, Inc. in an At-the-Market equity offering. Dave & Buster’s operates 139 restaurant and entertainment venues across the country, and employs 16,000; as of March 20, it had shut down all of its operations. This key lifeline was negotiated and launched in 72 hours, with the necessary SEC filings being made with literally no time to spare to permit the offering to proceed on Tuesday, April 14. In March, the company put in place a shareholder rights plan.

The Paul, Weiss team on the equity offering included, among others, corporate partners Robert Schumer and Mark Bergman; employee benefits partner Lawrence Witdorchic; restructuring partner Elizabeth McColm; and corporate counsel Frances Mi earlier provided advice on the rights plan.