Sports/Fitness

Topgolf’s Debt Ratings Upgraded By Moody’s

Topgolf’s Debt Ratings Upgraded By Moody’s

Moody's upgraded Topgolf's debt ratings to reflect the recent improvement in liquidity due to $100 million of additional preferred equity with a commitment for another $80 million in preferred equity by the end of 2020. Additionally, the company received an amendment to obtain covenant relief from its lenders and a small shareholder loan was converted to preferred equity. (Read More)

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