TaylorMade Revenues Hit $1.4 Billion
The top line figure for the 12 months ended Sep. 30 was revealed by Moody’s in a credit report, putting the golf company’s scale in line with competitors Callaway and Acushnet. TaylorMade was acquired by South Korean PE Firm Centroid Investment Partners last year for about $1.6 billion, and is now seeking to refinance debt used to pay for that transaction. The company intends to raise a $1.05 billion senior secured term loan B for that purpose, and will also establish a five-year, $300 million asset-based lending revolving credit facility. Moody’s assigned TaylorMade a B1 corporate family rating and also ... Log in to view full article.