Acushnet’s New Debt Scores BB Rating from S&P
S&P Global assigned a BB rating to the proposed $350 million of 7.375% senior unsecured notes due in 2028, and gave a BB issuer credit rating to the Titleist parent. Since the proceeds of the offering will be used to pay down borrowings under GOLF’s $950 million senior secured revolver, S&P views the new debt as leverage neutral, not affecting the company’s adjusted ... Log in to view full article.
