MasterCraft to start roadshow Thursday for $105 million seven-year floaters

By Paul A. Harris

St. Louis, Sept. 19 - MCBC Holdings, Inc. (MasterCraft) will start a roadshow on Thursday for its $105 million offering of seven-year senior secured floating-rate notes, according to an informed source.

The roadshow is scheduled to conclude on Sept. 28.

Jefferies & Co. is the bookrunner for the Rule 144A and Regulation S for life notes.

The notes will come with three years of call protection and a three-year 35% equity clawback.

Credit ratings on the notes remain to be determined.

Proceeds will be used to fund the acquisition of MasterCraft by MCBC Holdings. The financing includes a $63 million equity investment.

MasterCraft is a Vonore, Tenn.-based designer and manufacturer of luxury inboard sport boats.

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