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Praesidian Capital has provided $11 million of senior secured debt to Lucky Strike Entertainment, an owner and operator of upscale bowling lounges in the US and Canada. In 2006 Ableco Finance and Caltius Capital Management participated in a $49 million recapitalization of Lucky Strike, which included a $32 million revolving line of credit, $15 million in subordinated notes, and a $2 million equity investment.
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