{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-072778","form_type":"8-K","ticker":"CALY","cik":"0000837465","company_name":"Callaway Golf Co","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.227438+00:00","generated_at":"2026-06-18T01:22:26.463566+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Topgolf Callaway Brands completes debt refinancing with $1.25B term loan and $525M ABL","bullets":["New $1.25B senior secured term loan B due 2030 at SOFR+350+10 bps; maturities extended.","Refinanced $432M existing term loan, $337M Topgolf term loan, and $175M revolver.","Go-forward cash interest savings of over $12M per year on refinanced debt.","Upsized ABL facility to $525M (from $400M) with 5-year maturity, improving liquidity by >$300M.","Company expects positive free cash flow in 2023; plans 11 new Topgolf venues per year at 40-50% returns."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-072778","json":"https://secwatch.observer/filing/0001193125-23-072778.json","markdown":"https://secwatch.observer/filing/0001193125-23-072778.md","text":"https://secwatch.observer/filing/0001193125-23-072778.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/837465/000119312523072778/0001193125-23-072778-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/837465/000119312523072778/d456277d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T01:22:26.463566+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}