{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-073881","form_type":"8-K","ticker":"CALY","cik":"0000837465","company_name":"Callaway Golf Co","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.033064+00:00","generated_at":"2026-06-04T10:56:40.655880+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Topgolf Callaway Brands reprices $1.24B term loan, cuts interest rate by 60 bps","bullets":["Repriced $1.24B first-lien term loan due 2030, lowering rate to SOFR +300 from SOFR +350.","Eliminated 10-bps credit spread adjustment for a total reduction of 60 basis points.","Expected annualized interest expense savings of more than $7 million.","CFO Brian Lynch stated repricing supports leverage management and financial flexibility."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-073881","json":"https://secwatch.observer/filing/0001193125-24-073881.json","markdown":"https://secwatch.observer/filing/0001193125-24-073881.md","text":"https://secwatch.observer/filing/0001193125-24-073881.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/837465/000119312524073881/0001193125-24-073881-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/837465/000119312524073881/d806890d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T10:56:40.655880+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":[{"claim_id":"dc00aa0698a6fe534a6b99f07e73b727e2769eae","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/837465/000119312524073881/0001193125-24-073881-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent and collateral agent for the Term Lenders"},{"label":"Rate","value":"reduce the interest rate applicable to the outstanding Term Loans under the Term"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"862db08924ca34a9773209f948b419e401af0ba2","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/837465/000119312524073881/0001193125-24-073881-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent and collateral agent"},{"label":"Value","value":"Amendment reduced interest rate by 0.50% per annum, removed 0.10% credit spread adjustment, reset pr"},{"label":"Effective","value":"2024-03-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}