Acushnet to price $350 million five-year senior notes on Thursday; initial talk high-7% to 8% area

By Paul A. Harris

Portland, Ore., Sept. 26 – Acushnet Holdings Corp. plans to price a $350 million offering of senior notes due 2028 on Thursday, according to market sources.

Initial guidance is in the high-7% to 8% area.

The Rule 144A and Regulation S five-year notes come with two years of call protection.

J.P. Morgan Securities LLC is the lead.

The issuing entity will be Acushnet Co., a wholly owned subsidiary of the Fairhaven, Mass.-based supplier of golfing products, which plans to use the proceeds to repay debt under its revolving credit facility.

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