debt
confidence high
sentiment neutral
materiality 0.55
Acushnet subsidiary prices $350M senior notes at 7.375% due 2028
Acushnet Holdings Corp.
- Issuer Acushnet Company priced $350M senior notes due October 15, 2028.
- Notes bear interest at 7.375% per annum, paid semi-annually starting April 15, 2024.
- Proceeds to repay existing borrowings under revolving secured credit facility and pay fees.
- Closing expected on or about October 3, 2023, subject to customary conditions.