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Article Date: March 2021
Word Count: 102

Topgolf Upgraded by Moody’s After Merger

The golf venue operator’s corporate family rating was upgraded to B3 from Caa1, with similar upgrades to its other ratings, and Moody’s changed its outlook to stable based on the implied post-merger support by Callaway. ELY is not explicitly guaranteeing Topgolf’s over $500 million of outstanding debt, however. Many of Topgolf’s ... Log in to view full article.


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