Daily News: January 5, 2018

PNC Closes $225MM Revolver for TaylorMade Golf


PNC Bank closed a $225 million senior secured asset-based revolving credit facility for TaylorMade Golf, a portfolio company of New York-based KPS Capital Partners. TaylorMade will use the funds to support ongoing working capital needs.

PNC Bank served as administrative, collateral and documentation agent. PNC Capital Markets served as joint lead arranger and syndication agent.

Headquartered in Carlsbad, CA, TaylorMade Golf is a leading manufacturer of high performance golf equipment, golf balls and accessories.