SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 16, 2012
CLUBCORP CLUB OPERATIONS, INC.
(Exact name of registrant as specified in its charter)
(State or other
(Commission File Number)
jurisdiction of incorporation)
3030 LBJ Freeway, Suite 600
(Address of Principal Executive Offices)
Registrant’s Telephone Number, Including Area Code
(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 is filed by ClubCorp Club Operations, Inc., a Delaware corporation (the “Company”), in connection with the matters described herein.
Modification of a Material Definitive Agreement.
On November 16, 2012, the Company, CCA Club Operations Holdings, LLC, certain of the lenders party to the Credit Agreement (as defined below), and Citicorp North America, Inc., as administrative agent and collateral agent ("Citicorp"), entered into Amendment No. 1 to the Credit Agreement, amending the Credit Agreement dated as of November 30, 2010 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among the Company, the lenders from time to time a party thereto, and Citicorp. Amendment No. 1 amends the Credit Agreement to reduce the per annum interest rate with respect to Term B Loans to (a) the higher of (i) 5.0% or (ii) an elected LIBOR plus a margin of 3.75%, with respect to the Eurodollar Rate Loans and (b) the higher of (i) 5.0% or (ii) the Base Rate plus a margin of 2.75%, with respect to the Base Rate Loans.
The above description of Amendment No. 1 is qualified in its entirety by Amendment No. 1 filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
Financial Statements and Exhibits.
The following document is attached as an exhibit to this Current Report on Form 8-K:
Amendment No. 1, dated as of November 16, 2012, to the Credit Agreement dated as of November 30, 2010 among CCA Club Operations Holdings, LLC, ClubCorp Club Operations, Inc. as Borrower, Citicorp North America, Inc. as Administrative Agent, Swing Line Lender and L/C Issuer, the other lenders party thereto and Citigroup Global Markets Inc. as Sole Arranger and Sole Bookrunner.
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: November 16, 2012
CLUBCORP CLUB OPERATIONS, INC.
/s/ Curtis D. McClellan
Curtis D. McClellan
Chief Financial Officer and Treasurer