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Arcis Golf readies launch of $300 million term loan B for Tuesday
By Sara Rosenberg
New York, Nov. 8 – Arcis Golf LLC is set to hold a lender call at 10:30 a.m. ET on Tuesday to launch a $300 million seven-year covenant-lite term loan B, according to a market source.
Deutsche Bank Securities Inc. is the left bookrunner and administrative agent on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on Nov. 18.
Proceeds will be used to refinance existing debt.
Arcis, privately held by Atairos and Fortress Investment Group, is a Dallas-based owner and operator of golf private and daily fee clubs.
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