SGB Update

TaylorMade’s New Debt Issue Assigned B Rating From S&P

S&P Global Ratings assigned a ‘B’ issuer credit rating to TaylorMade. The rating assignment come as TaylorMade Holdings Inc. announced plans to raise a seven-year, $1.05 billion senior secured term loan B to refinance debt.

Arc’teryx Closes 2021 With 21 Global Retail Openings

Arc’teryx announced it opened 21 stores internationally in 2021. The company also celebrated its first ReBird Repair and Service Center in New York with plans to establish more centers as the brand expands its ReBird circularity initiatives in 2022.

Generation Growth Capital Acquires Killer Instinct

Generation Growth Capital Fund III, LP (GGC), a Milwaukee-based private equity firm, announced the acquisition of Killer Instinct Inc. Based in Frankenmuth, MI., Killer Instinct is a maker of archery and archery accessories.

Soccer Shots Secures Investment

Soccer Shots, the youth soccer franchisor, has secured an investment from Susquehanna Private Capital. Terms of the transaction were not disclosed.

Planet Fitness To Acquire 114 Locations From Franchisee

Planet Fitness Inc. has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC, an operator of more than 100 Planet Fitness clubs in the Southeast United States in a cash and stock transaction valued at $800 million. The fitness chain also revealed favorable membership growth trends for 2021.

TaylorMade Earns B1 CFR Debt Rating From Moody’s

Moody’s Investors Service assigned a B1 Corporate Family Rating (CFR) and a B1-PD Probability of Default Rating to 19th Holdings Golf, LLC, the parent of TaylorMade golf brand. The company is seeking a $1,050 million first lien term loan.

Evo Acquires Rhythm Japan

Evo, the Seattle-based outdoor retailer, has acquired Rhythm Japan, a Hokkaido, Japan-based snow gear rental company, along with its winter apparel brand, Oyuki.

JD Sports Raises Outlook On Merry Holiday Results

JD Sports Fashion, which owns Finish Line, DTLR Villa and Shoe Palace in the U.S., on Wednesday raised its annual profit forecast for the second time in four months. Total revenues for the twenty-two week period ended January in the Group’s same-store businesses were more than 10 percent ahead of the same period in 2020 with an equally positive performance across the Black Friday and Christmas period.