0001577095-13-000016.txt : 20131029 0001577095-13-000016.hdr.sgml : 20131029 20131028215647 ACCESSION NUMBER: 0001577095-13-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131028 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131029 DATE AS OF CHANGE: 20131028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ClubCorp Holdings, Inc. CENTRAL INDEX KEY: 0001577095 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS [7997] IRS NUMBER: 205818205 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36074 FILM NUMBER: 131174547 BUSINESS ADDRESS: STREET 1: 3030 LBJ FREEWAY, SUITE 500 CITY: DALLAS STATE: TX ZIP: 75234 BUSINESS PHONE: 972-406-4112 MAIL ADDRESS: STREET 1: 3030 LBJ FREEWAY, SUITE 500 CITY: DALLAS STATE: TX ZIP: 75234 8-K 1 debtpaydownpressrelease.htm 8-K Debt Pay Down Press Release





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): October 28, 2013

ClubCorp Holdings, Inc.
(Exact name of registrant as specified in its charter)


Nevada
 
333-189912

 
20-5818205

(State or other
 
(Commission File Number)
 
(IRS Employer
jurisdiction of incorporation)
 
 
 
Identification No.)
 

3030 LBJ Freeway, Suite 600
Dallas, Texas
 
75234
(Address of Principal Executive Offices)
 
(Zip Code)

(972) 243-6191
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:

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

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

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

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











This Current Report on Form 8-K (this “Form 8-K”) is filed by ClubCorp Holdings, Inc., a Nevada corporation (the “Company”), in connection with the matters described herein.
Item 8.01
Other Events.

On October 28, 2013, the Company issued a press release announcing that its subsidiary, ClubCorp Club Operations, Inc., redeemed $145.25 million in principal of its 10% senior notes due in 2018. The full text of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in this Item 8.01.

The information in this Form 8-K and Exhibit 99.1 is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01
Financial Statements and Exhibits.

Exhibit
Number
 
Description
99.1
 
Press release, dated October 28, 2013, of ClubCorp Holdings, Inc.





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


Date: October 28, 2013
CLUBCORP HOLDINGS, INC.
 
 
 
By:
/s/ Curtis D. McClellan
 
 
Curtis D. McClellan
 
 
Chief Financial Officer and Treasurer
 



EX-99.1 2 exhibit991debtpaydown.htm EXHIBIT Exhibit 99.1 Debt Pay Down
Exhibit 99.1


ClubCorp Holdings, Inc. Announces $145.25 Million Reduction in Senior Notes

DALLAS (October 28, 2013) ClubCorp Holdings, Inc. (NYSE: MYCC) (the “Company”), announced today that its subsidiary, ClubCorp Club Operations, Inc., redeemed $145.25 million in principal of its 10% senior notes due in 2018. As previously communicated, a portion of the net proceeds from the Company’s initial public offering was used to satisfy the redemption price of 110.0%, plus accrued and unpaid interest thereon.

As a result of this redemption, our annualized interest expense is expected to be reduced by approximately $14.5 million, excluding the impact of the redemption premium. Subsequent to this redemption, $269.75 million in principal amount of the senior notes remains outstanding and is redeemable beginning at the end of 2014 at a premium of 105%, which declines thereafter.

“We are pleased with the series of steps the Company has taken, including amending its credit facility, to provide for a lower cost of capital and increased financial flexibility to execute on our strategic initiatives,” said Eric Affeldt, President and CEO.

About ClubCorp
Since its founding in 1957, Dallas-based ClubCorp has operated with the central purpose of Building Relationships and Enriching Lives®. ClubCorp owns or operates a portfolio of more than 150 golf and country clubs, business clubs, sports clubs, and alumni clubs in 25 states, the District of Columbia and two foreign countries that serve over 370,000 members, with approximately 15,000 peak-season employees. ClubCorp Holdings, Inc. is publicly traded on the New York Stock Exchange (NYSE: MYCC). ClubCorp properties include: Firestone Country Club (Akron, Ohio); Mission Hills Country Club (Rancho Mirage, California); Capital Club Beijing; and Metropolitan Club Chicago. You can find ClubCorp on Facebook at facebook.com/clubcorp and on Twitter at @ClubCorp.