Attached files

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EX-4.1 - EX-4.1 - ClubCorp Club Operations, Inc.a12-2320_1ex4d1.htm
EX-10.2 - EX-10.2 - ClubCorp Club Operations, Inc.a12-2320_1ex10d2.htm
EX-10.1 - EX-10.1 - ClubCorp Club Operations, Inc.a12-2320_1ex10d1.htm

 

 

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): January 9, 2012 (January 5, 2012)

 

CLUBCORP CLUB OPERATIONS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

333-173127

 

27-3894784

(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 is filed by ClubCorp Club Operations, Inc., a Delaware corporation (the “Company”), in connection with the matters described herein.

 

Item 1.01

Entry into a Material Definitive Agreement.

 

Joinder Agreement

 

On January 5, 2012, the Company’s subsidiaries CCFL, Inc., a Nevada corporation (“CCFL”), and CCCA, Inc., a Nevada corporation (“CCCA” and, together with CCFL, the “New Grantors”), and Citicorp North America, Inc., as administrative agent and collateral agent (“Citicorp”), entered into a joinder agreement (the “Joinder Agreement”) to the Guaranty and Security Agreement, dated as of November 30, 2010 (the “Guaranty and Security Agreement”), by and between Citicorp and the Company and certain of its affiliates signatory thereto as grantors in favor of Citicorp.  Pursuant to the Joinder Agreement, each of the New Grantors agreed to guarantee certain obligations of the Company in accordance with the Guaranty and Security Agreement and to grant a security interest in certain of their property in order to secure such obligations.

 

Pledge Amendment

 

On January 5, 2012, pursuant to the Guaranty and Security Agreement, the Company’s subsidiary ClubCorp USA, Inc., a Delaware corporation (“ClubCorp USA”), and Citicorp, entered into a pledge amendment (the “Pledge Amendment”), whereby ClubCorp USA agreed to pledge the New Grantors’ and ClubCorp NV, Inc.’s (formerly known as ClubCorp Ridge Club, Inc.) capital stock in favor of Citicorp and add such capital stock to the collateral referred to in the Guaranty and Security Agreement to secure ClubCorp USA’s and the Company’s obligations thereunder.

 

The above descriptions of the Joinder Agreement and the Pledge Amendment are qualified in their entirety by the Joinder Agreement and the Pledge Amendment filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, which are incorporated herein by reference.

 

Second Supplemental Indenture

 

On January 5, 2012, CCFL and CCCA (the “New Guarantors”), and Wilmington Trust, National Association (successor by merger to Wilmington Trust FSB), as trustee (the “Trustee”), entered into a Second Supplemental Indenture, dated as of January 5, 2012 (the “Second Supplemental Indenture”) to the Indenture, dated as of November 30, 2010, among the Company, certain of its affiliates signatory thereto, and the Trustee.  Pursuant to the Second Supplemental Indenture, each of the New Guarantors agreed to unconditionally guarantee all of the Company’s obligations under the Indenture with respect to the 10% Senior Notes due 2018, on the terms set forth therein.

 

The above description of the Second Supplemental Indenture is qualified in its entirety by the Second Supplemental Indenture filed as Exhibit 4.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

 

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

 

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Item 9.01

Financial Statements and Exhibits.

 

(d)   Exhibits

 

The following document is attached as an exhibit to this Current Report on Form 8-K:

 

Exhibit
Number

 

Description

4.1

 

Second Supplemental Indenture, dated as of January 5, 2012, among CCFL, Inc., CCCA, Inc. and Wilmington Trust, National Association (successor by merger to Wilmington Trust FSB), as trustee.

 

 

 

10.1

 

Joinder Agreement, dated as of January 5, 2012, by and between CCFL, Inc., CCCA, Inc. and Citicorp North America, Inc., as administrative agent and collateral agent

 

 

 

10.2

 

Pledge Amendment, dated as of January 5, 2012, by and between ClubCorp USA, Inc. and Citicorp North America, Inc., as administrative agent and collateral agent

 

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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: January 9, 2012

CLUBCORP CLUB OPERATIONS, INC.

 

 

 

By:

/s/ Curtis D. McClellan

 

 

Curtis D. McClellan

 

 

Chief Financial Officer and Treasurer

 

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EXHIBIT INDEX

 

Exhibit
Number

 

Description

4.1

 

Second Supplemental Indenture, dated as of January 5, 2012, among CCFL, Inc., CCCA, Inc. and Wilmington Trust, National Association (successor by merger to Wilmington Trust FSB), as trustee.

 

 

 

10.1

 

Joinder Agreement, dated as of January 5, 2012, by and between CCFL, Inc., CCCA, Inc. and Citicorp North America, Inc., as administrative agent and collateral agent

 

 

 

10.2

 

Pledge Amendment, dated as of January 5, 2012, by and between ClubCorp USA, Inc. and Citicorp North America, Inc., as administrative agent and collateral agent

 

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