Investor Relations

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Mon. Dec. 08, 2014 ClubCorp Announces 2015 Outlook and Reinvention Capital; Reports on Board's Analysis of REIT Options
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – today disclosed management's outlook for 2015, which reflects expectations of strong same-store growth, continued returns from the company's reinvention strategy and continued growth from the revenue and cost synergies of acquisitions, including the acquisition of Sequoia Golf. 2015 OUTLOOK 2015 Outlook Last Four Quarters (ended Sept. 9, 2014) Revenue ~ $1.0 billion $851 million Adjusted EBITDA $225 million to $235 million $187 million Reinvention Capital $42 million to $44 million (Includes ~$15 million for Sequoia Golf  clubs and ~$6 million for other single- club acquisitions) $36 million The company plans to invest $21 million to $23 million during fiscal 2015 on major reinvention projects across 11 same-store Golf and Country Clubs and four same-store Business, Sports and Alumni Clubs. Additionally, the company plans to invest approximately $15 million to reinvent certain clubs obtained in the Sequoia Golf...
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Thu. Dec. 04, 2014 ClubCorp Announces the Acquisition of Oro Valley Country Club
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – announces the acquisition of Oro Valley Country Club, a private previously member-owned club located in northwest Tucson at the base of the Santa Catalina Mountains. ClubCorp plans a million-dollar reinvention project that will include improvements to the golf course, clubhouse and outdoor patio. The addition of Oro Valley continues the rapid expansion of ClubCorp's overall portfolio of owned and operated clubs, which has increased by 35 percent since the company's IPO in September 2013. ClubCorp's portfolio of owned and operated clubs now stands at over 200 clubs in 26 states, the District of Columbia, Mexico and China. "We are very excited to reinforce our commitment to external growth by adding Oro Valley Country Club – and the Tucson market – to the ClubCorp Network," said Eric Affeldt, ClubCorp's president and CEO. "The club features an outstanding desert course that is not only beautiful but very playable. I think our...
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Wed. Dec. 03, 2014 ClubCorp Announces Increase in Its Quarterly Cash Dividend by 8%
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – today announced its Board of Directors has approved an 8% increase to its quarterly dividend. The increase will result in an annual cash dividend of $0.52 per share from $0.48 per share today. As a result, the Board of Directors has declared the Company's next quarterly cash dividend of $0.13 per share will be payable on January 15, 2015 to all common stockholders of record at the close of business on January 2, 2015. Eric Affeldt, president and chief executive officer: "Today's dividend announcement reflects the board's confidence in ClubCorp's strategy. It reinforces the board's ongoing commitment to create value by allocating capital to reinvention and acquisition growth opportunities while returning cash to ClubCorp's stockholders." About ClubCorp (NYSE: MYCC) Since its founding in 1957, Dallas-based ClubCorp has operated with the central purpose of Building Relationships and Enriching Lives®. ClubCorp is a leading...
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Mon. Dec. 01, 2014 ClubCorp Holdings, Inc. to Host Analyst Meeting
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – today announced that management will host an Analyst Meeting on December 10th in Dallas, Texas. The event will feature presentations by the company's management team, and is designed to provide investors and analysts an opportunity to experience ClubCorp's clubs and properties, while providing investor discussions and engagement about the Company's strategy and business. Registration is required to attend. Contact Heather Forbes at 972-458-8000, or via email at hforbes@halliburtonir.com, to reserve your attendance at the event. A live audio webcast of the formal presentations will begin at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The audio webcast will be accessible via the Investors section of the Company's website at ir.clubcorp.com. Please visit the website at least 10 minutes early to register, download and install any necessary software. Additional event details will be provided at ir.clubcorp.com. About...
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Thu. Nov. 06, 2014 ClubCorp's Sequoia Golf Management Signs Two North Carolina Golf Clubs
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – announces that Sequoia Golf Management will manage and operate two golf properties in North Carolina – Sequoyah National Golf Club in Whittier and River Run Country Club in historic Davidson. Sequoyah National and River Run are the first management agreements under Sequoia Golf Management since ClubCorp's acquisition of Sequoia Golf in September. The addition of Sequoyah National and River Run continues the expansion of ClubCorp's overall portfolio of owned and operated clubs with more than 200 locations. "We are very excited to be adding Sequoyah National and River Run to our portfolio of managed clubs," said Eric Affeldt, ClubCorp President and CEO. "The addition of these two clubs expands ClubCorp's presence in North Carolina, perfectly complementing ClubCorp's family of clubs." Located 45 minutes west of Asheville and nestled among oak, fir and flowered valleys, Sequoyah National Golf Club offers a par-72, 6,600-yard,...
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Thu. Oct. 16, 2014 ClubCorp Delivers Record Third Quarter Results and Increases Portfolio by 30%
- Revenue up 4.9% largely due to increases in membership dues and food and beverage revenue - Adjusted EBITDA up 9.4% from increased revenue, improved margins and timing of cash distribution ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announces financial results for its fiscal-year 2014 third quarter ended September 9, 2014. The third quarter of fiscal 2014 and fiscal 2013 consisted of 12 weeks. All growth percentages refer to year-over-year progress. As a reminder, ClubCorp closed its acquisition of Sequoia Golf on September 30, 2014. Sequoia Golf results will not be consolidated until the fourth quarter, and as such have no bearing on ClubCorp's third quarter operating results. Third Quarter Results: Revenue increased $9.6 million to $204.5 million for the third quarter of 2014. Revenue was up 4.9% compared to the third quarter of 2013 due to revenue growth from both same store and newly acquired clubs. Adjusted EBITDA(1) increased $3.9 million to $45.4...
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Mon. Oct. 13, 2014 ClubCorp CEO Eric Affeldt Tops Golf Inc. Magazine's 2014 "Most Powerful People in Golf" List
Eric Affeldt, CEO and president of ClubCorp – The World Leader in Private Clubs® (NYSE:MYCC) – has been ranked No. 1 on Golf Inc. magazine's 2014 "Most Powerful People in Golf" list, which ranks individuals' influence and their organizations' ability to positively impact the golf industry. Affeldt tops the list of 30 notable leaders, which also includes Donald Trump (No. 2), Jack Nicklaus (No. 4), Tim Finchem, Commissioner of the PGA Tour (No. 5), Mike McCarley, President of the Golf Channel (No. 16), and professional golfer Rory McIlroy (No. 19). In introducing this year's list, the article reads, "The golf industry has seen a shifting landscape, and 2014 may prove to be a pivotal year for the sport and the business of golf. The new power brokers are not afraid of change, and they have the financial power to make it happen." In a year of big deals in the golf industry, the magazine cites ClubCorp's $265 million acquisition of Sequoia Golf and its portfolio of 50 clubs as one of the...
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Wed. Oct. 08, 2014 ClubCorp Holdings, Inc. Announces 2014 Third Quarter Earnings Release Date and Conference Call Information
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – today announced that it will release its third quarter fiscal 2014 financial results before market open on Thursday, October 16, 2014. The Company's quarterly conference call and webcast will be held the same day at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Participants on the call will include Eric Affeldt, President and Chief Executive Officer; Curt McClellan, Chief Financial Officer; and Frank Molina, Vice President of Investor Relations and Treasury. To participate in the teleconference, please call in a few minutes before the start time: 877-317-6789 for U.S. callers, 866-605-3852 for Canadian callers and 412-317-6789 for international callers and reference the ClubCorp third quarter conference call (confirmation code 10053156) when prompted. A telephonic replay of the earnings conference call will be available approximately one hour after the call through October 24, 2014, at 9:00 a.m. Eastern Time. To access...
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Tue. Sep. 30, 2014 ClubCorp Reiterates Position on REIT
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – today issued the following statement in response to a recent public letter from Red Alder LLC and ADW Capital Partners L.P. sent in care of the Chairman of the Company's Board of Directors regarding a potential REIT structure. The Company and its Board are reviewing the letter as part of their ongoing evaluation of various potential REIT strategies, which the Company discussed during its last two earnings calls. As part of the Company's evaluation process, management and the Board have been working with legal and tax advisors to analyze the feasibility of various REIT restructuring options and their relative benefits and risks to the Company and its shareholders. The implementation and operational complexities being evaluated include the application of highly technical provisions of the Internal Revenue Code that govern REIT qualification. In light of this and various factual determinations not entirely within the Company's...
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Tue. Sep. 30, 2014 ClubCorp Completes Sequoia Golf Acquisition, Adds 50 Owned and Operated Clubs to Industry-Leading Portfolio
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – today announced it has completed its acquisition of Atlanta-based Sequoia Golf, adding 50 owned and operated clubs and increasing its portfolio of private clubs by 30 percent. Sequoia Golf adds nearly $100 million in LTM revenue and pro forma annual adjusted EBITDA of $29 million to $30 million with anticipated annualized cost synergies. Sequoia Golf expands ClubCorp's presence in Atlanta and Houston – including the addition of The Woodlands Country Club in Houston, site of the PGA Champions Tour Insperity Invitational – and adds Denver and Chicago as new markets. Including the acquisition of Sequoia Golf, ClubCorp has added 56 new owned and operated clubs to its portfolio from the start of this year. ClubCorp plans to invest significant capital on reinvention projects to Sequoia properties, which includes varied improvements to golf course and practice facilities, newly created or updated indoor and outdoor dining and...
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Mon. Sep. 15, 2014 ClubCorp Holdings, Inc. Prices and Allocates $250 Million of Incremental Term Loans
ClubCorp – The World Leader in Private Clubs® (NYSE: MYCC) – prices and allocates $250 million in additional senior secured term loans under its term loan facility. The incremental term loans and existing term loans are priced at L+350 bps, with a 1% LIBOR floor and will mature on July 24, 2020. The existing term loan facility is expected to be amended to permit the incremental term loans, creating one fungible term loan tranche of approximately $900 million. The company anticipates execution of the amendment to its term loan facility and funding of the incremental term loans to be effective on September 30, 2014, simultaneous with the closing of its acquisition of Sequoia Golf. Note on Forward-Looking Statements This press release contains statements relating to future results (including certain projections and business trends) that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange...
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Thu. Sep. 11, 2014 ClubCorp Holdings, Inc. Announces Quarterly Dividend of $0.12
ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share payable on October 15, 2014 to all common stockholders of record at the close of business on October 3, 2014. About ClubCorp (NYSE: MYCC) Since its founding in 1957, Dallas-based ClubCorp has operated with the central purpose of Building Relationships and Enriching Lives®. ClubCorp is a leading owner-operator of private golf and country clubs, business, sports, and alumni clubs in North America. ClubCorp owns or operates a portfolio of approximately 160 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 a publicly traded company on the New York Stock Exchange (NYSE: MYCC). ClubCorp properties include: Firestone Country Club...
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Wed. Aug. 13, 2014 ClubCorp Announces Agreement to Acquire Sequoia Golf - Expanding ClubCorp Network to Over 200 Private Clubs
- 31% increase in club count increases ClubCorp's industry-leading position - Drives significant reinvention opportunities consistent with ClubCorp's growth strategy - Expands geographic cluster model in four key markets with significant penetration in Atlanta and Houston - Enhances value of ClubCorp's O.N.E. network offering to new and participating members ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp today announced it has signed an agreement to acquire the Atlanta-based Sequoia Golf. The acquisition of Sequoia Golf will expand ClubCorp's industry-leading portfolio of private clubs to 209 from 159 today, making ClubCorp's portfolio of owned and operated clubs nearly five times the size of its next largest competitor. Sequoia Golf, founded in 2002 by Joe Guerra, an industry leader, in partnership with Parthenon Capital Partners, owns and operates 50 clubs with significant concentrations in Atlanta and Houston and positions in Denver and Chicago markets. The...
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Wed. Jul. 30, 2014 ClubCorp's Firestone Country Club Again Welcomes World Golf Championships-Bridgestone Invitational
Firestone Country Club, a proud member of the ClubCorp family of clubs, welcomes the World Golf Championships-Bridgestone Invitational to the club July 31-Aug. 3, 2014. Firestone, which is located in Akron, Ohio, and this past spring unveiled a multimillion-dollar clubhouse reinvention, is serving as the site of the Bridgestone Invitational for the 15thyear and, with it, marks the 61st consecutive year of professional tournament golf at the club. This year, 76 players, including defending champion and eight-time winner Tiger Woods, Rory McIlroy, Phil Mickelson, Adam Scott, Sergio Garcia and Jordan Spieth (playing the Bridgestone Invitational for the first time) are slated to compete on the world-famous South Course – also known as "The Monster" – for the $9 million purse. The World Golf Championships-Bridgestone Invitational, in conjunction with Northern Ohio Golf Charities, annually donates approximately $1 million to 42 charities throughout Northeast Ohio, with more than $23 million...
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Wed. Jul. 23, 2014 ClubCorp Continues Momentum and Announces Record Second Quarter Results
- Revenue up 8.1% largely due to increases from all three major revenue streams: dues, food and beverage, and golf operations - Adjusted EBITDA up 8.7% ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announces financial results for its fiscal-year 2014 second quarter ended June 17, 2014. The second quarter of fiscal 2014 and fiscal 2013 consisted of 12 weeks. All growth percentages refer to year-over-year progress. Logo - http://photos.prnewswire.com/prnh/20131210/DA31359LOGO Second Quarter Results: Revenue increased $15.8 million to $211.4 million for the second quarter of 2014. Revenue was up 8.1% compared to the second quarter of 2013 due to revenue growth from both same store and newly acquired clubs. Adjusted EBITDA(1) increased $4.0 million to $49.9 million. Adjusted EBITDA was up 8.7% from increased revenue and timing of cash distribution from equity investments. Same Store sales grew $7.9 million, up 4.1% versus the prior year; while same store adjusted...
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Wed. Jul. 23, 2014 ClubCorp Continues Expanding International Presence, Announces Plans to Manage New Private Club and Boutique Hotel in Hangzhou, China
ClubCorp , The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp and Zhejiang Construction Real Estate Development Group Co. Ltd, an internationally experienced company in the development of high-end properties, announces plans for the opening of West Lake Lu, a beautiful 170,000-square-foot private club and boutique hotel in the resort area of picturesque Hangzhou City of Zhejiang Province in China. ClubCorp will manage Lu, slated to open in December 2014. Logo - http://photos.prnewswire.com/prnh/20131210/DA31359LOGO "We are very excited to further expand ClubCorp's presence in the world's fastest-growing economy," said Eric Affeldt, ClubCorp president and CEO. "Lu is set to be like no other venue in China – a luxury hotel with a private club feature – and will provide extraordinary experiences for visitors to the area, business leaders in the community and the many members of clubs in the ClubCorp family who travel internationally." The opening of Lu will increase ClubCorp's...
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Mon. Jul. 21, 2014 ClubCorp Holdings, Inc. Announces New Date and Time for 2014 Second Quarter Earnings Release and Conference Call
ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announced today a revised date and time for its second quarter fiscal 2014 financial results. The Company will release financial results on Wednesday, July 23, 2014, and the quarterly conference call and webcast will be held the same day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time). Participants on the call will include Eric Affeldt, President and Chief Executive Officer; Curt McClellan, Chief Financial Officer; and Frank Molina, Vice President of Investor Relations and Treasury. To participate in the teleconference, please call in a few minutes before the start time: 877-317-6789 for U.S. callers, 866-605-3852 for Canadian callers and 412-317-6789 for international callers and reference the ClubCorp second quarter conference call (confirmation code 10049618) when prompted. A telephonic replay of the earnings conference call will be available approximately one hour after the call through August 25, 2014, at...
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Thu. Jun. 26, 2014 ClubCorp Holdings, Inc. Announces Quarterly Dividend of $0.12 and Election of Board of Directors
ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share payable on July 15, 2014 to all common stockholders of record at the close of business on July 7, 2014. In addition, at its annual shareholder meeting held June 25, 2014, ClubCorp announced the election of Martin Newburger, Steven Siegel and Bryan Traficanti as Class I directors for a term of three years. By advisory votes, shareholders also approved the compensation of the Company's named executive officers and voted to hold this "Say on Pay" vote annually. Shareholders also voted in favor of ClubCorp's appointment of Deloitte & Touche as the company's independent registered public accounting firm for 2014. Eric Affeldt, president and chief executive officer : "We are pleased with the election of Marty, Steve and Bryan to our board of directors. We are grateful for their contributions as we continue to grow the...
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Tue. Jun. 10, 2014 ClubCorp Holdings, Inc. Announces Pricing Of Secondary Offering Of Shares Of Common Stock
ClubCorp Holdings, Inc. (NYSE: MYCC), a leading owner-operator of private golf and country clubs, business, sports and alumni clubs in North America, today announced the pricing of a public offering of 7,000,000 shares of its common stock at $18.25 per share. The selling stockholder affiliated with KSL Capital Partners, LLC is offering all 7,000,000 shares to be sold in the offering. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares at the public offering price. The offering is expected to close on June 16, 2014, 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. Goldman, Sachs & Co., Jefferies LLC, Citigroup Global Markets Inc., BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as joint bookrunners in the offering. Wells Fargo Securities, LLC and J.P. Morgan...
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Mon. Jun. 09, 2014 ClubCorp Holdings, Inc. Announces Secondary Offering Of Shares Of Common Stock
ClubCorp Holdings, Inc. (NYSE: MYCC), a leading owner-operator of private golf and country clubs, business, sports and alumni clubs in North America, today announced that the selling stockholder affiliated with KSL Capital Partners, LLC has commenced a public offering of 7,000,000 shares of common stock of ClubCorp Holdings, Inc. ("ClubCorp") pursuant to a registration statement filed with the Securities and Exchange Commission. The selling stockholder is expected to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares at the public offering price. ClubCorp is not selling any shares of common stock in the offering and will not receive any of the proceeds from the sale. Goldman, Sachs & Co., Jefferies LLC, Citigroup Global Markets Inc., BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as joint bookrunners in the offering. Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are acting as co-managers in the offering. A...
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Wed. Apr. 30, 2014 ClubCorp Expands with Acquisitions of Two TPC Golf Facilities
ClubCorp , The World Leader in Private Clubs® (NYSE: MYCC). Continuing with an accelerated acquisition pace, ClubCorp has announced the addition of two Tournament Players Club (TPC) facilities – TPC Michigan in Dearborn, Michigan, and TPC Piper Glen in Charlotte, North Carolina. (Logo: http://photos.prnewswire.com/prnh/20131210/DA31359LOGO) "The additions of these two prestigious clubs reinforce our commitment to external growth and enables an even closer relationship with the PGA Tour and its exceptional brand," said Mark Burnett, ClubCorp chief operating officer. The purchase of the two TPC properties marks the eighth and ninth additions for ClubCorp within the past 12 months. Together, with the new Baylor Club announced today, the company's expanded portfolio of owned or operated clubs will increase to 160 clubs in 25 states, the District of Columbia, Mexico and China. ClubCorp plans to commence more than $1 million in capital improvements at each TPC property. The PGA TOUR'S TPC...
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Wed. Apr. 30, 2014 ClubCorp Announces Plans To Open "The Baylor Club" In Waco
ClubCorp , The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp has announced its newest private member alumni club to be located in the new $260-million riverfront McLane Stadium being constructed on the Baylor University campus. Slated to open its doors – along with the completion of the stadium – in time for the first Baylor Bears 2014 home game Aug. 31, The Baylor Club will serve as a gathering spot for alumni, faculty and staff, along with the Waco professional, civic and social community. "We are excited about opening The Baylor Club and about ClubCorp becoming an integral part of the university and local community," said Eric Affeldt, ClubCorp's president and CEO. "Our university-aligned clubs have proven to be extremely popular venues where members can gather and take pride in their alma mater and their city." The Baylor Club is one of nine additions to ClubCorp's overall portfolio in the past 12 months, reinforcing the company's goal of continued growth via acquisitions....
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Wed. Apr. 30, 2014 ClubCorp Reports Strong First Quarter Results and Announces Acquisition of TPC Piper Glen and TPC Michigan and the Creation of the New Baylor Club
- Revenue up 6.9% largely due to increases from all three major revenue streams: dues, food and beverage, and golf operations - Adjusted EBITDA up 7.7% driven by increased revenue and improved margins during the quarter ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announces financial results for its fiscal-year 2014 first quarter ended March 25, 2014. The first quarter of fiscal 2014 and fiscal 2013 consisted of 12 weeks. All growth percentages refer to year-over-year progress. Logo - http://photos.prnewswire.com/prnh/20131210/DA31359LOGO First Quarter Results: Revenue increased $10.7 million to $165.7 million for the first quarter of 2014. Revenue was up 6.9% compared to the first quarter of 2013 due primarily to strong dues and private event revenue at same store clubs, and revenue from newly acquired clubs in 2013 and 2014. Adjusted EBITDA(1) increased $2.3 million to $32.1 million. Adjusted EBITDA was up 7.7% from increased revenue and lower payroll and...
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Fri. Apr. 25, 2014 ClubCorp Holdings, Inc. Announces 2014 First Quarter Earnings Release Date and Conference Call Information
ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announced today that it will release its first quarter fiscal 2014 financial results before market open on Thursday, May 1, 2014. The Company's quarterly conference call and webcast will be held the same day at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Participants on the call will include Eric Affeldt, President and Chief Executive Officer; Curt McClellan, Chief Financial Officer; and Frank Molina, Vice President of Investor Relations and Treasury. Logo - http://photos.prnewswire.com/prnh/20131210/DA31359LOGO To participate in the teleconference, please call in a few minutes before the start time: 877-317-6789 for U.S. callers, 866-605-3852 for Canadian callers and 412-317-6789 for international callers and reference the ClubCorp first quarter conference call (confirmation code 10045229) when prompted. A telephonic replay of the earnings conference call will be available approximately one hour after the call...
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Fri. Apr. 11, 2014 ClubCorp Holdings Retires High Yield Notes and Anticipates Interest Savings of $14 Million Annually
ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announces the redemption in full of approximately $270 million in principal of its 10% senior notes. The redemption date will be as of May 11, 2014. Logo - http://photos.prnewswire.com/prnh/20131210/DA31359LOGO The redemption will be funded with $350 million in additional senior secured term loans under its existing term loan facility. As a result the company expects to realize approximately $14 million net annualized interest savings. The add-on term loans will also bear interest at the greater of 4.0% or an elected LIBOR plus 3.0% and will mature on July 24, 2020. In addition, the senior secured leverage ratio under ClubCorp's credit agreement has been eased as it relates to mandatory prepayments, the secured leverage maintenance covenant on the $135 million credit revolver facility and further borrowings. Additionally, the company will repay its outstanding balance of $11.2 million on the credit revolver facility....
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Fri. Mar. 28, 2014 ClubCorp Expands International Presence - Announces Management of Paragon Club in China, Consulting Services to Belfry Club in England
DALLAS (March 28, 2014) ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp announces an expansion of its presence internationally with the opening of its newest managed property, the Paragon Club of Hefei in China, and through consulting services on golf operations at England’s world-famous Belfry Club – site of four Ryder Cup matches. The opening of the Paragon Club expands ClubCorp’s presence in the world’s fastest growing economy and increases the company’s overall portfolio to 157 clubs in 25 states, the District of Columbia, Mexico and China. “The Paragon Club is an exceptional addition to ClubCorp’s portfolio,” said Eric Affeldt, ClubCorp president and CEO. “The club is positioned to become one of China’s leading private clubs and will provide extraordinary experiences to the many members of clubs in the ClubCorp family who travel internationally.” The Paragon Club of Hefei, located on floors 27 through 32 atop the Crowne Plaza Hotel in the new business district...
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Thu. Mar. 20, 2014 ClubCorp Holdings Delivers Record Fiscal-Year 2013 Results on Second Consecutive Year of Membership Growth
- Record full year adjusted EBITDA of $177.4 million, up 6.7% compared to fiscal year 2012 - Full year revenue increased $60.1 million, of which $11.5 million came from new golf and country clubs acquired since beginning of fiscal year 2012 DALLAS, March 20, 2014 /PRNewswire/ - ClubCorp Holdings, Inc. (NYSE: MYCC), "The World Leader in Private Clubs®." ClubCorp, a membership-based leisure business and leading owner-operator of private golf and country clubs, business, sports and alumni clubs, announced financial results for its fiscal-year 2013 fourth quarter and full-year ended December 31, 2013. (Logo: http://photos.prnewswire.com/prnh/20131210/DA31359LOGO) All growth percentages refer to year-over-year progress. However, the fourth quarter of fiscal 2013 consisted of 17 weeks versus 16 weeks in fiscal 2012; and the full year of fiscal 2013 consisted of 53 weeks versus 52 weeks in fiscal 2012. All revenue streams, Adjusted EBITDA(1) and Segment EBITDA(1) benefited due to one...
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Mon. Mar. 03, 2014 ClubCorp Announces the Addition of the Clubs at Prestonwood
Facility Includes Two 18-Hole Championship Golf Courses, Two Distinct Clubhouses Monday, March 03 2014 DALLAS - ClubCorp, The World Leader in Private Clubs® (NYSE: MYCC). ClubCorp today announced the acquisition of two additional properties in Dallas. Prestonwood features two 18-hole championship golf courses – The Creek in Dallas and The Hills in nearby Plano – each with its own distinct clubhouse. The purchase of Prestonwood Country Club marks the third for ClubCorp in the past six months – reinforcing the company’s goal of continued growth through acquisition and club reinventions – and increases the Dallas-based company’s prominence in the Dallas-Fort Worth area to 17 clubs and overall portfolio to 156 clubs in 25 states, the District of Columbia, Mexico and China. “The addition of these clubs provides greater opportunity for DFW-area members to enjoy more great golf, tennis, dining, swim and social activities and we welcome the Prestonwood members into the ClubCorp family,” said...
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Wed. Jan. 29, 2014 ClubCorp Charity Classic Events Raise Record $2.4 Million
Proceeds to Benefit More than 100 National and Local Charitable Organizations, including MDA’s Augie’s Quest and the ClubCorp Employee Partners Care Foundation DALLAS – ClubCorp, a leading owner-operator of private golf and country clubs, business, sports and alumni clubs in North America, today announced that its 2013 Charity Classic events raised a record $2.4 million for more than 100 charitable organizations, including Muscular Dystrophy Association’s Augie’s Quest, the ClubCorp Employee Partners Care Foundation, and dozens of national and local charities. This marks a new ClubCorp fundraising record and a 10 percent increase over last year’s event total. The Charity Classic, ClubCorp’s major annual philanthropic effort, has raised more than $12 million since its 2007 inception. Between the months of April and November, more than 125 ClubCorp clubs host open-to-the-public Charity Classic events, which can consist of golf and tennis tournaments, concerts, galas, auctions, and...
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Mon. Jan. 27, 2014 The University of Texas Club Announces Multimillion-Dollar Reinvention
AUSTIN - The University of Texas Club, a proud member of the ClubCorp family of clubs, announces it is kicking off 2014 with a multimillion-dollar reinvention project that will bring stylish new décor to the club as well as expanded dining, social and business features. The club, located on the sixth and seventh floors of the east side of Darrell K. Royal-Texas Memorial Stadium on the University of Texas campus, recently renewed its lease through end of year 2023. The renovation project – now under way and scheduled to be complete in late spring – includes: Redesigned Longhorn Bar with casual dining New Texas Star banquette seating and community Joiners Tables New Media area with 103-inch big-screen TV New Darrell K. Royal Power Boardroom with HD videoconferencing “With these renovations, we are beginning a new era for the club,” said General Manager Joe Connell. “We will preserve the traditions and spirit of the university in a stylish new setting that provides more opportunities...
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Fri. Jan. 10, 2014 ClubCorp Chief Executive Officer and Chief Financial Officer to Address Investors at ICR XChange Conference
ClubCorp President and CEO, Eric Affeldt, and ClubCorp CFO, Curt McClellan, will address investors at the ICR XChange Conference in Orlando, Florida on January 14, 2014. (Logo: http://photos.prnewswire.com/prnh/20131210/DA31359LOGO) Affeldt will provide a company overview and discuss ClubCorp's strategic growth initiatives. His remarks will be Webcast live at 11:30 a.m. Eastern Time, and be accessible via replay online at ir.clubcorp.com . About ClubCorp (NYSE: MYCC) 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:...
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Thu. Jan. 09, 2014 ClubCorp Holdings, Inc. Announces Multimillion-Dollar Capital Reinvention Plans
ClubCorp Holdings, Inc. (NYSE: MYCC), a leading owner-operator of private golf and country clubs, business, sports and alumni clubs in North America, today announced plans to spend $20 million during fiscal 2014 on major reinvention projects across 10 clubs. The extensive renovations will bring contemporary, stylish looks and expanded dining, family amenities, and social and golf features designed to enhance daily life for the private club members of today. (Logo: http://photos.prnewswire.com/prnh/20131210/DA31359LOGO) ClubCorp has spent more than $390 million on reinventions, renovations and improvements since 2007. "Our goal is to make the clubs more relevant in their communities and provide more value to members," said Eric Affeldt, ClubCorp President and CEO. "We've found these reinventions translate to an active, vibrant club, with increased membership enrollment, retention and usage, adding value to our members and our shareholders." While projects vary from club to club, many...
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