Acushnet Holdings Corp. (GOLF): debt financing — Acushnet issues $500M 5.625% notes due 2033, refinances $350M 7.375% notes

Acushnet Holdings Corp.

Issued $500M of 5.625% senior notes due Dec 1, 2033; proceeds used to redeem $350M of 7.375% 2028 notes at 103.688% plus accrued interest.
Entered new $950M revolving credit facility maturing Nov 2030; spreads from 0%-0.75% (base) and 1%-1.75% (term SOFR) based on leverage.
The 2028 notes indenture was satisfied and discharged upon deposit of funds; redemption price was 103.688% plus accrued interest to Nov 24, 2025.
Net proceeds also used to repay a portion of outstanding revolver borrowings and pay fees and expenses.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Acushnet Holdings Corp. amended revolving credit of $950.0 million with JPMorgan Chase Bank, N.A. at applicable margin is 0.00% to 0.75% for base rate borrowings and 1.00% to 1.75% maturing November 24, 2030.

Instrument: revolving credit
Principal: $950.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: applicable margin is 0.00% to 0.75% for base rate borrowings and 1.00% to 1.75%
Maturity: November 24, 2030
Event: amendment

Exact text from the filing

The Second Amended and Restated Credit Facility provides for a $950.0 million revolving credit facility maturing November 24, 2030

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Acushnet Holdings Corp. incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 5.625% maturing December 1, 2033.

Instrument: senior notes
Principal: $500,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.625%
Maturity: December 1, 2033
Event: incurrence

Exact text from the filing

completed the issuance and sale of $500,000,000 in gross proceeds of the Issuer’s 5.625% senior notes due 2033

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Acushnet Holdings Corp. amended Second Amendment and Restatement Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $950.0 million (effective 2025-11-24).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
Value: $950.0 million
Effective: 2025-11-24

Exact text from the filing

On November 24, 2025, the Issuer, Acushnet Canada Inc. and Acushnet Europe Ltd, as borrowers, the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), entered into a second amendment and restatement agreement (the “Amendment and Restatement Agreement”) to amend various terms of the Company’s amended and restated credit agreement, dated as of December 23, 2019, as amended, for its senior secured credit facilities with the Administrative Agent and the other lenders and agents party thereto (the “Existing Credit Agreement” and, as amended by the Amendment and Restatement Agreement, the “Second Amended and Restated Credit Agreement”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Acushnet Holdings Corp. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 (effective 2025-11-24).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500,000,000
Effective: 2025-11-24

Exact text from the filing

On November 24, 2025, Acushnet Company (the “Issuer”), a wholly owned subsidiary of Acushnet Holdings Corp. (the “Company”), completed the issuance and sale of $500,000,000 in gross proceeds of the Issuer’s 5.625% senior notes due 2033 (the “Notes”). The Notes were issued pursuant to an Indenture, dated November 24, 2025 (the “Indenture”), among the Issuer, U.S. Bank Trust Company, National Association, as trustee of the Notes (the “Trustee”), and the Company and certain subsidiaries of the Issuer as guarantors.

View on SEC.gov

Browse all debt financings →

Acushnet Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001193125-25-297330

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.