ClubCorp Club Operations, Inc. Completes $350 Million Senior Notes Offering
12.16.15
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The Firm represented ClubCorp Club Operations, Inc. (“ClubCorp”) in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 8.25% Senior Notes due 2023. ClubCorp intends to use the net proceeds from the offering, together with borrowings under its new senior secured credit facilities, for general corporate purposes, including to repay the debt under its existing secured credit facilities and for acquisitions.
ClubCorp is an indirect subsidiary of ClubCorp Holdings, Inc. (NYSE: MYCC), a membership-based leisure business and a leading owner-operator of private golf and country clubs and business, sports and alumni clubs in North America.
The Simpson Thacher team included Bill Brentani, Kim de Glossop, Aditi Sherikar and Duncan Taylor (Capital Markets); and Noah Metz (Tax).