Callaway Brands amends ABL facility; adds Dutch borrower, cuts margin 25bp

Callaway Golf Co

Adds Callaway Golf EU B.V. as new borrower and guarantor under the ABL facility.
Replaces LIBOR with SOFR for USD loans, SONIA for GBP, and SARON for CHF.
Reduces interest rate margins by 0.25% per annum on all loans under the facility.
Expands borrowing base by increasing concentration limits, advance rates, and allowing additional inventory/accounts.
Permits certain additional investments, dispositions, and distributions under amended covenants.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.