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 term loan with Bank of America, N.A., as administrative agent and collateral agent for the Term Lenders at reduce the interest rate applicable to the outstanding Term Loans under the Term.
- Instrument
- term loan
- Counterparty
- Bank of America, N.A., as administrative agent and collateral agent for the Term Lenders
- Rate
- reduce the interest rate applicable to the outstanding Term Loans under the Term
- Event
- amendment
Exact text from the filing
amends certain terms and provisions of the Term Loan Agreement, including, without limitation, to (a) reduce the interest rate applicable to the outstanding Term Loans under the Term Loan Facility by 0.50% per annum, (b) remove the 0.10% per annum credit spread adjustment applicable to Term Loans under the Term Loan Facility accruing interest at Term SOFR
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Callaway Golf Co amended First Amendment to Term Loan Agreement with Bank of America, N.A., as administrative agent and collateral agent valued at Amendment reduced interest rate by 0.50% per annum, removed 0.10% credit spread adjustment, reset pr (effective 2024-03-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent and collateral agent
- Value
- Amendment reduced interest rate by 0.50% per annum, removed 0.10% credit spread adjustment, reset pr
- Effective
- 2024-03-19
Exact text from the filing
On March 19, 2024 (the “Amendment Date”), the Company and certain of its subsidiaries entered into an amendment to the Term Loan Agreement (the “First Amendment” and, the Term Loan Agreement as amended by the First Amendment, the “Amended Term Loan Agreement”), which, among other things, amends certain terms and provisions of the Term Loan Agreement, including, without limitation, to (a) reduce the interest rate applicable to the outstanding Term Loans under the Term Loan Facility by 0.50% per annum, (b) remove the 0.10% per annum credit spread adjustment applicable to Term Loans under the Term Loan Facility accruing interest at Term SOFR (as defined below), and (c) reset the prepayment premium applicable to the Term Loans, such that prepayments of the Term Loans occurring within six months after the Amendment Date in connection with a repricing transaction will be subject to a prepayment premium equal to 1.00% of the principal amount being prepaid, subject to certain customary excepti
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