GOLF to redeem $350M 2028 notes at 103.688%, new 2033 issue

Rhea-AI Filing Summary

Acushnet Holdings Corp. announced the pricing of a debt offering by its wholly owned subsidiary, Acushnet Company. The Issuer agreed to sell $500,000,000 in aggregate principal amount of senior notes due 2033 bearing interest at 5.625% per annum. Closing is expected on or about November 24, 2025, subject to customary closing conditions.

Separately, the Issuer delivered a notice of conditional full redemption for all $350,000,000 of its outstanding 7.375% Senior Notes due 2028. The conditional redemption date is November 24, 2025, at a redemption price equal to 103.688% of principal plus accrued and unpaid interest to, but excluding, the redemption date. The redemption is conditioned on the consummation of the new notes offering and delivery of written notice confirming satisfaction of that financing condition. Interest on the 2028 notes will cease to accrue on the redemption date.

Insights

Credit markets analyst

Refinancing plan swaps 7.375% 2028 notes for new 5.625% 2033 debt.

Acushnet Company priced $500,000,000 senior notes due 2033 at 5.625%, with closing expected on November 24, 2025 subject to customary conditions. On the same date, the Issuer noticed a conditional full redemption of $350,000,000 7.375% notes due 2028 at 103.688% plus accrued interest.

This sequence indicates a refinancing: the redemption is expressly conditioned on closing of the new notes. The stated coupons show a lower rate on the new debt than the redeemed 2028 notes; any net interest effect will depend on final amounts outstanding and timing, as disclosed.

Key milestones are the anticipated closing and redemption on November 24, 2025. Execution depends on satisfying the financing condition and delivering the required notice to holders.

0001672013falseNovember 12, 202500016720132025-11-122025-11-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 12, 2025

Acushnet Holdings Corp.

(Exact name of registrant as specified in its charter)

Delaware			001-37935			45-2644353
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

333 Bridge Street			Fairhaven,			Massachusetts			02719
(Address of principal executive offices)									(Zip Code)

 

(800) 225‑8500

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock - $0.001 par value per share

GOLF

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 8.01 Other Events.

Senior Notes due 2033

On November 12, 2025, Acushnet Holdings Corp. (the “Company”) issued a press release announcing the pricing of senior notes issued by its wholly owned subsidiary, Acushnet Company (the “Issuer”). The Issuer entered into a purchase agreement with the representative of the purchasers named therein relating to the issuance and sale of $500,000,000 in aggregate principal amount of senior notes due 2033 bearing interest at a rate of 5.625% per annum (the “Notes Offering”). The consummation of the Notes Offering, which is expected to occur on or about November 24, 2025, is subject to the satisfaction of customary closing conditions. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Redemption Notice

On November 12, 2025, the Issuer issued a notice of conditional full redemption for all $350,000,000 aggregate principal amount of its outstanding 7.375% Senior Notes due 2028 (CUSIPs: 005095AA2 and U0R60PAA7) (the “2028 Notes”, and such redemption, the “2028 Notes Redemption”). The conditional redemption date is November 24, 2025 (the “Redemption Date”). The redemption price for the 2028 Notes will be equal to the sum of (x) 103.688% of the principal amount of the Notes, plus (y) accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The 2028 Notes Redemption is subject to the satisfaction of certain conditions, including the consummation of the Notes Offering (the “Financing Condition”) and the delivery of written notice to the holders of the 2028 Notes stating that the Financing Condition has been satisfied.

The 2028 Notes were issued under the Indenture, dated as of October 3, 2023, among the Issuer, the Company, the subsidiary guarantors party thereto from time to time and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).

Interest on the 2028 Notes will cease to accrue on the Redemption Date. The notice of redemption specifying the terms, conditions and procedures for the 2028 Notes Redemption is available through the Trustee, located at U.S. Bank Trust Company, National Association, One Federal Street, Boston, MA 02110, Attention: David W. Doucette, as paying agent for the 2028 Notes. The foregoing does not constitute a notice of redemption for the 2028 Notes.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						Pricing press release dated November 12, 2025
104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			ACUSHNET HOLDINGS CORP.
			By:			/s/ Roland Giroux
			Name:			Roland Giroux
			Title:			Executive Vice President, Chief Legal Officer and Corporate Secretary

Date: November 12, 2025

FAQ

What did Acushnet Holdings (GOLF) announce regarding new debt?

Its subsidiary priced $500,000,000 senior notes due 2033 bearing interest at 5.625% per annum, expected to close on or about November 24, 2025.

What are the terms of Acushnet’s 2028 notes redemption?

A conditional full redemption of $350,000,000 7.375% Senior Notes due 2028 at 103.688% of principal plus accrued interest, targeted for November 24, 2025.

What conditions must be met for the 2028 notes redemption?

It is conditioned on consummation of the new $500,000,000 notes offering and delivery of written notice confirming that the financing condition is satisfied.

When does interest stop accruing on the 2028 notes?

Interest on the 7.375% Senior Notes due 2028 will cease to accrue on the redemption date, which is November 24, 2025.

Who issued the new notes and the redemption notice?

The Issuer is Acushnet Company, a wholly owned subsidiary of Acushnet Holdings Corp.

Where can holders find the detailed redemption procedures?

In the notice available from the Trustee, U.S. Bank Trust Company, National Association, Attention: David W. Doucette, as paying agent.