Golf Industry News - tommy armour

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 […]

TearDrop Golf, the struggling owners of Ram and Tommy Armour, have agreed a new credit facility worth up to $30 million (£18.75 million) from Textron. The cash injection, to consist of $8 million (£5 million) term loans, is subject to a due-diligence process which will Textron’s senior credit committee will complete by the end of […]