Acushnet Holdings Corp., the parent of Titleist and FootJoy, 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 notes offering will be used to redeem all $350,000,000 aggregate principal amount of Acushnet’s outstanding 7.375 percent senior notes due 2028, to repay a portion of the outstanding amount under Acushnet’s revolving secured credit facility and to pay fees and expenses related to the notes offering.
The consummation of the notes offering is subject to market and other customary conditions.
Image courtesy Titleist
