debt
confidence high
sentiment positive
materiality 0.75
Acushnet to raise $500M senior notes due 2033; targets net leverage below 2.25x
Acushnet Holdings Corp.
- Issuer intends to offer $500M senior notes due 2033; proceeds to refinance existing debt.
- Plans to redeem all $350M of 7.375% Senior Notes due 2028 and repay revolver portion.
- Company targets maintaining average net leverage below 2.25x on annual basis.
- Notes offering subject to market conditions; credit facility amendment to extend maturity to 2030.