Acushnet Holdings Launches $500 Million Senior Notes Offering

Reuters11-12
Acushnet Holdings Launches $500 Million Senior Notes Offering

Acushnet Holdings Corp. $(GOLF)$ announced that its wholly-owned subsidiary, Acushnet Company, intends to raise $500 million through an offering of senior notes due 2033. The proceeds from the offering will be used to redeem all $350 million aggregate principal amount of the company's outstanding 7.375% Senior Notes due 2028, repay a portion of the amount outstanding under its revolving secured credit facility, and pay fees and expenses related to the offering. The consummation of the notes offering is subject to market and other customary conditions. Information on the interest rate, price, and a URL for the full prospectus are not provided in the document.

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