ClubCorp Holdings, the organization overseeing the Centre Club and numerous other country clubs in the Tampa Bay area, has planned an initial public offering which could net up to $100 million according to the Tampa Bay Business Journal.
The Dallas-based corporation owns the Centre Club in Tampa's Westshore District as well as a number of Bay area country clubs including Countryside Country Club and East Lake Woodlands Country Club in Clearwater, Hunter’s Green Country Club and Tampa Palms Golf & Country Club North Tampa.
In total, the company owns or operates 151 golf, country, business, sports and alumni clubs in North America. It's the largest owner of private golf and country clubs in the U.S.
ClubCorp hasn't disclosed how many shares it will offer or the offering price, but some of the proceeds will be used to pay down a debt according to a filing with the U.S. Securities and Exchange Commission.
The company netted $755 million in revenue in 2012, but suffered a $27 million loss after all was said and done due to paying $89 million in interest on its $792 million in debt.
