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Article Date: September 2020
Word Count: 139

Moody’s Sees Slow Recovery for Topgolf

The ratings agency upgraded Topgolf’s corporate family rating to Caa1 from Caa2 and changed its outlook from negative to stable, after the indoor golf venue raised $100 million in new preferred equity with a commitment for another $80 million by the end of the year. But while all locations have now reopened, they are operating at below normal levels, and Moody’s expects a recovery to prior revenue levels to ... Log in to view full article.


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