ClubCorp plans full redemption of $270 million of 10% senior notes

By Tali Rackner

Norfolk, Va., April 11 - ClubCorp Holdings Inc. plans to redeem all $270 million of its 10% senior notes, according to a press release.

The notes will be redeemed on May 11.

The redemption will be funded with $350 million in additional senior secured term loans under the company's existing term loan facility.

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

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