ClubCorp Holdings, Inc. Announces Pricing Of Secondary Offering Of Shares Of Common Stock

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May 05, 2015, 07:49 ET

DALLAS, May 5, 2015 /PRNewswire/ -- ClubCorp Holdings, Inc. (NYSE: MYCC), a leading owner-operator of private golf and country clubs and business, sports and alumni clubs in North America, today announced the pricing of a public offering of 12,000,000 shares of its common stock at $20.75 per share. This represents a 1,000,000 share increase over the previously announced offering size. The selling stockholder, an affiliate of KSL Capital Partners, LLC, is offering all 12,000,000 shares to be sold in the offering. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares at the public offering price, less underwriting discounts. The offering is expected to close on May 11, 2015, subject to customary closing conditions.

ClubCorp Holdings, Inc. ("ClubCorp") is not selling any shares of common stock in the offering and will not receive any of the proceeds from the sale.

Jefferies LLC, Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities are acting as joint bookrunners in the offering. J.P. Morgan, Stifel, CRT Capital Group LLC and Nomura Securities International, Inc. are acting as co-managers in the offering.

A registration statement relating to the shares of the common stock of ClubCorp to be sold in the offering has been declared effective by the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Jefferies LLC at 520 Madison Avenue, 2^nd Floor, New York, NY 10022, Attention: Equity Syndicate Prospectus Department or by telephone at 877-547-6340 or by email at [email protected]; Goldman, Sachs & Co. at Prospectus Department, 200 West Street, New York, NY 10282 or by telephone at 866-471-2526 or by facsimile at 212-902-9316 or by email at [email protected]; BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by email at [email protected]; Citigroup Global Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 800-831-9146; Deutsche Bank Securities Inc. at 60 Wall Street, New York, NY 10005, Attention: Prospectus Group or by telephone at 800-503-4611 or by email at [email protected]; or Wells Fargo Securities, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, NY 10152 or by telephone at 800-326-5897 or by e-mail at [email protected].