debt
confidence high
sentiment neutral
materiality 0.55
Acushnet prices $500M senior notes at 5.625%, proceeds to redeem existing $350M 7.375% notes
Acushnet Holdings Corp.
- $500M senior notes due Dec 1, 2033; interest 5.625% paid semi-annually.
- Proceeds to redeem all $350M of 7.375% Senior Notes due 2028 at 103.688% of par.
- Remaining proceeds will repay a portion of revolving credit facility and pay fees.
- Redemption and note issuance expected to close on or about November 24, 2025.
- New notes priced via purchase agreement with representative of purchasers.