Daily News: January 3, 2013

TAB Bank Provides $2.5MM Facility to Eagle One Golf


TAB Bank said it has provided a $2.5 million senior revolving credit facility through a multi-year agreement for Eagle One Golf of Anaheim, CA.

Eagle One Golf designs and manufactures thousands of environmentally friendly, durable and aesthetic products for golf courses, parks, tennis courts, resorts, hotels and restaurants. Eagle One Golf has introduced recycled plastic lumber products into the golf industry and continues to focus on design, durability and appearance, while at the same time protecting the environment.

“Our new credit facility with TAB Bank has enabled us to do many things. For one, proceeds from this facility were used to complete our recent acquisition of Fore-Par of Buena Park, CA. Fore-Par has served the golf industry for many years and they have a tremendously successful and well developed business. We were very excited to recently complete this transaction, and with TAB’s help, we were able to make that happen. The combined Eagle One and Fore-Par businesses have the combined resources and experience to create new and exciting opportunities as we begin a new year. The new facility with TAB also gives us very firm financial footing to pursue other growth objectives and to serve our customers with the products and service they have come to expect from Eagle One Golf,” said Paul Cherrie, president of Eagle One Golf.