Topgolf readies launch of $325 million term loan B for Wednesday

By Sara Rosenberg

New York, Jan. 29 – Topgolf International Inc. is scheduled to hold a lender meeting on Wednesday to launch a $325 million term loan B, according to a market source.

J.P. Morgan Securities LLC is the lead on the deal.

Price talk on the term loan is Libor plus 575 basis points to 600 bps with a 0% Libor floor and an original issue discount of 98, the source said.

Proceeds will be used to refinance existing debt.

Topgolf is a Dallas-based sports entertainment company.

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