TaylorMade readies launch of $1.05 billion term loan B for Thursday

By Sara Rosenberg

New York, Jan. 12 – TaylorMade Golf Co. is set to hold a lender call at 3 p.m. ET on Thursday to launch a $1.05 billion seven-year term loan B (B1/B), according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Price talk on the term loan is SOFR+CSA plus 325 basis points with a 0.5% floor and an original issue discount of 99 to 99.5, the source said.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

The term loan has 101 soft call protection for six months.

Commitments are due at 5 p.m. ET on Jan. 26, the source added.

Proceeds will be used to refinance existing debt and for general corporate purposes.

TaylorMade is a Carlsbad, Calif.-based sports equipment manufacturing company.

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