Acushnet Holdings Corp. priced an offering of $350 million in aggregate principal amount of senior notes. The notes will bear interest at a rate of 7.375 percent per annum and pay interest semi-annually in arrears on April 15 and October 15 of each year, beginning on April 15, 2024.
The notes will mature on October 15, 2028, unless earlier repurchased or redeemed in accordance with their terms. The Notes issuance is expected to occur on or about October 3.
The proceeds from the offering will be used to repay existing borrowings under the Issuer’s revolving secured credit facility and to pay fees and expenses related to the Notes offering.
Acushnet’s brands include Titleist and FootJoy.
Photo courtesy FootJoy
