Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Callaway Golf Co amended credit facility of up to $525 million with Bank of America, N.A. at Term SOFR plus 1.25% to 1.75%.
- Instrument
- credit facility
- Principal
- up to $525 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus 1.25% to 1.75%
- Event
- amendment
Exact text from the filing
which New ABL Agreement amends and restates the Existing ABL Agreement in its entirety. The New ABL Agreement provides for senior secured asset-based revolving credit facilities (the “ABL Facility”) in an aggregate principal amount of up to $525 million
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Callaway Golf Co entered into Fifth Amended and Restated Loan and Security Agreement with Bank of America, N.A., as administrative agent and as security trustee for the ABL Lenders, and the lenders party thereto valued at up to $525 million (effective 2023-03-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent and as security trustee for the ABL Lenders, and the lenders party thereto
- Value
- up to $525 million
- Effective
- 2023-03-16
Exact text from the filing
On March 16, 2023 (the "Closing Date"), the Company and certain of its subsidiaries entered into a Fifth Amended and Restated Loan and Security Agreement (the "New ABL Agreement"), by and among the Company, Callaway Golf Sales Company, a California corporation ("Callaway Sales"), Callaway Golf Ball Operations, Inc., a Delaware corporation ("Callaway Operations"), Ogio International, Inc., a Utah corporation ("Ogio"), travisMathew, LLC, a California limited liability company ("travisMathew"), Jack Wolfskin North America, Inc., a Delaware corporation ("Domestic Jack Wolfskin"), Top Golf USA Inc., a Delaware corporation ("Topgolf USA" and together with the Company, Callaway Sales, Callaway Operations, Ogio, travisMathew and Domestic Jack Wolfskin, collectively, the "U.S. Borrowers"), Callaway Golf Canada Ltd., a Canada corporation ("Canadian Borrower"), JACK WOLFSKIN AUSRÜSTUNG FÜR DRAUSSEN GMBH & CO. KGAA, a partnership limited by shares ( Kommanditgesellschaft auf Aktien ) under the law
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