ClubCorp sees early tenders of $29.6 million 8½% notes

By Wendy Van Sickle

Columbus, Ohio, March 27 – Invited, Inc.’s indirect wholly owned subsidiary ClubCorp Holdings Inc. took in tenders of $29.6 million principal amount of notes by the early deadline of its offer to purchase up to $82,731,000 of its $109.88 million of outstanding 8½% senior notes due 2025 (Cusips: 210374AA2, U21007AA4), according to a press release.

The early tenders account for 26.94% of the outstanding notes.

The cash total consideration offered is $950 per $1,000 note, inclusive of a $30 early tender premium that will be paid only to noteholders who tendered by the early deadline, 5 p.m. ET on March 26, also the withdrawal deadline.

Interest will also be paid.

The final deadline is 5 p.m. ET on April 10.

Tenders may be prorated.

Global Bondholder Services Corp. is the tender and information agent (212 430-3774, 855 654-2014, contact@gbsc-usa.com).

Apollo Global Securities, LLC is the dealer manager (929 923-2741, 914 908-0264).

ClubCorp is a Dallas-based owner and operator of private golf and country clubs and business, sports and alumni clubs.

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