Arcis Golf $375 million credit facilities
Davis Polk advised Arcis Golf LLC in connection with a $300 million senior secured syndicated term loan credit facility and a $75 million senior secured revolving credit facility. The proceeds of the loans will be used to refinance Arcis Golf’s existing credit facilities and for general corporate purposes.
Arcis Golf is the premier operator of nearly 70 private, resort and public golf clubs in the United States and an industry leader, providing dynamic direction and unrivaled amenities that complement diverse playing experiences.
The Davis Polk finance team included partner Hilary Dengel, counsel Robert F. Smith and associates Aaron Shubert and Jonathan B. Markowitz. The real estate team included partner Brian D. Hirsch and associate Edward Peck. The corporate team included partner Harold Birnbaum. The tax team included partner Ethan R. Goldman. The intellectual property and technology transactions team included partner Matthew J. Bacal. Counsel Sarah E. Kim provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.