Acushnet Holdings Corp. has announced the pricing of an offering of $500,000,000 in aggregate principal amount of senior notes. The proceeds from this offering will be used for various purposes, including the redemption of all $350,000,000 aggregate principal amount of the issuer’s outstanding 7.375% senior notes due 2028, repayment of a portion of the amount outstanding under the issuer’s revolving secured credit facility, and payment of fees and expenses related to the notes offering.
The notes will bear interest at a rate of 5.625% per annum and will pay interest semi-annually in arrears on June 1 and December 1 of each year, starting on June 1, 2026. The notes will mature on December 1, 2033, unless earlier repurchased or redeemed in accordance with their terms. The issuance of the notes is expected to occur on or about November 24, 2025, subject to the satisfaction of customary closing conditions.
This represents a change in the company's financial structure and a shift in its debt profile, as it moves to redeem existing senior notes due in 2028 and address its outstanding credit facility. It will be interesting to see the impact of this offering on the company's interest expenses and overall financial position in the coming periods. Today the company's shares have moved 1.0% to a price of $80.83. For more information, read the company's full 8-K submission here.
