Callaway Golf Completes Full Repayment of $1.16 Billion Term Loan B
CALY has more than doubled off its 52-week low of $5.865.
Summary
Callaway Golf has fully repaid its Term Loan B, eliminating $163 million in remaining debt and significantly strengthening its balance sheet.
Key Events · Financing and Capital Events · CALY
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Full Repayment of Term Loan B
Callaway Golf repaid the remaining $163 million of its Term Loan B facility, bringing the total repayment to approximately $1.16 billion since January 2026.
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Strengthened Balance Sheet
The repayment, funded by cash on hand, reduces gross debt to approximately $53 million and leaves over $150 million in unrestricted cash, enhancing financial flexibility.
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Reduced Interest Expense
This action will reduce future cash interest expense and supports the company's goal of achieving a net cash to zero net leverage position by year-end.
Analysis · CALY · Manufacturing
This filing announces the full repayment of the remaining $163 million on its Term Loan B, following a $1 billion prepayment in January. This action significantly strengthens the company's balance sheet by reducing gross debt to approximately $53 million and cutting future interest expenses. It aligns with the company's stated capital allocation priorities and enhances financial flexibility for future investments or shareholder returns.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CALY was trading at $15.24 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $5.87 to $18.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.