Global Edition

Golf Industry News - revolving credit facility

TearDrop Golf has completed a $28 million (£17.5 million) finance package with Congress Financial and Textron Financial. The agreement, originally reported last October, calls for a two-year package that includes term loans of approximately $6.6 million (£4 million) in addition to a revolving credit facility. Company president and chief executive officer, Rudy Slucker, stated in […]

In May 1999 Clubhaus completed a £90 million refinancing, which included the issue of £50 million 12.875% Senior Notes due 2009. Under the terms of these Senior Noted, Clubhaus, the leisure group which is now the leading quoted European golf course operator and manager of health and fitness facilities, is now required to report results quarterly