Club Car plans new debt financing for buyout by Platinum Equity

By Sara Rosenberg

New York, April 12 – Club Car plans on getting new debt financing to help fund its acquisition by Platinum Equity from Ingersoll Rand in a transaction valued at about $1.7 billion, according to a news release.

BofA Securities Inc. is the lead on the debt.

Closing is expected in the third quarter, subject to standard conditions.

Club Car is an Augusta, Ga.-based manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, including all-electric models, and related aftermarket parts and services.

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