LIV Golf Secures Funding From BC Partners Credit to Support Restructuring
The financing would help LIV Golf exit restructuring and plan a 2027 season with a 10-tournament schedule, including half at international sites.
- On Monday, BC Partners Credit announced a committed investment and plans to provide up to $300 million in financing to help LIV Golf emerge from restructuring and strengthen its financial footing ahead of the 2027 season.
- LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey in September, initiating a court-supervised restructuring process the company hopes to complete in early 2027.
- Ted Goldthorpe, partner and head of BC Partners Credit, stated the funding supports a 'next phase' where players would become equity owners of both the league and its teams.
- The financing allows LIV to plan a 2027 season featuring a 10-tournament schedule, with half of the events at international sites, enabling league operations during restructuring.
- Players face decisions regarding 'LIV Golf 2.0' as the Public Investment Fund of Saudi Arabia withdrew its massive funding of more than $5 billion, while Sergio Garcia sought court clarity on contract status.
12 Articles
12 Articles
LIV Golf in line to get initial investment as it tries to emerge from
BC Partners Credit on Monday announced an initial investment in LIV Golf, part of a targeted $300 million in cumulative financing to help the beleaguered circuit emerge from Chapter 11 bankruptcy with a team-focused golf league with
Channel News Asia
LIV Golf secures funding from BC Partners Credit to support restructuring
Oct 5 : BC Partners Credit said on Monday it had made an initial committed investment in LIV Golf and planned to provide up to $300 million in financing to help the professional men's golf league emerge from restructuring and strengthen its financial footing ahead of the 2027 season.LIV Golf filed for Chapter
Winnipeg Free Press
LIV Golf in line to get initial investment as it tries to emerge from bankruptcy
BC Partners Credit on Monday announced an initial investment in LIV Golf, part of a targeted $300 million in cumulative financing to help the beleaguered circuit emerge from Chapter 11 bankruptcy with a team-focused golf league with players as equity owners.
LIV Golf secures BC Partners ‘ credit funding to support restructuring
Oct 5 (Reuters) - BC Partners Credit on Monday said it had made an initial committed investment in LIV Golf and plans to provide up to $300 million in financing to help the professional men's golf league emerge from restructuring and strengthen its ...
BC Partners Reveals Initial LIV Golf Investment
BC Partners Credit, the credit arm of BC Partners, announced an initial committed investment in LIV Golf on Monday night, as the golf league restructures its business under a court-supervised process. The investment is the first part of a targeted $300 million in total financing from the investment firm to back LIV’s next iteration. “Our […]
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