Topgolf secured a five-year $175 million term loan and a five-year $100 million revolving line of credit. This deal signifies a $175 million increase to Topgolf’s previous arrangement, allowing for greater financial flexibility as Topgolf plans to open additional venues.
“This credit facility supplies us with the capital we need to introduce the Topgolf concept to more cities and help grow the game of golf,” said Topgolf CFO William Davenport. “We’re extremely pleased with the support shown by our banks, which signals their belief in our strategy and the strength of our company.”
