secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2022-09-28T23:59:59+00:00
Accession:  0001193125-22-253280
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000119312522253280/0001193125-22-253280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000119312522253280/d400639d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-253280

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