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Pinstripes Announces Letter of Intent for Strategic Recapitalization with Oaktree, Providing the Company with Additional Capital to Fund Operations and Growth
NORTHBROOK, Ill.--(BUSINESS WIRE)--Pinstripes Holdings, Inc. (“Pinstripes” or the “Company”) (OTC: PNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today announced that it has entered into a binding letter of intent (the “LOI”) with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), an affiliate of the holders of the majority of its outstanding debt. Under the terms of the LOI, Oaktree is providing additiona.
