{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-135145","form_type":"8-K","ticker":"CALY","cik":"0000837465","company_name":"Callaway Golf Co","filed_at":"2025-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.438640+00:00","generated_at":"2026-05-19T23:17:01.514959+00:00","sec_items":["2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Topgolf Callaway Brands completes sale of Jack Wolfskin to ANTA Sports for $290M cash","bullets":["Sale of Jack Wolfskin closed May 31, 2025; cash consideration $290M, net of cash sold and subject to adjustments.","Company says sale enhances financial flexibility ahead of planned separation of Topgolf from core operations.","Concurrent with sale, reallocated $20M from German ABL facility to U.S. facility and terminated remaining German facility.","Pro forma shows FY2024 revenue would be $3,892.7M vs $4,239.3M as reported, excluding Jack Wolfskin."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-135145","json":"https://secwatch.observer/filing/0001193125-25-135145.json","markdown":"https://secwatch.observer/filing/0001193125-25-135145.md","text":"https://secwatch.observer/filing/0001193125-25-135145.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/837465/000119312525135145/0001193125-25-135145-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/837465/000119312525135145/d938841d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T23:17:01.514959+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":"baa0a9666d7ed26b177ad01adc75883b862afec6","claim":"Callaway Golf Co amended revolving credit of up to $525 million with Bank of America, N.A., as administrative agent.","evidence_excerpt":"agent and as security trustee, providing for senior secured asset-based revolving credit facilities (the “ABL Facility”) in an original aggregate principal amount of up to $525 million. Concurrently with the Sale, pursuant to the terms and conditions of ABL Credit Agreement and the previously disclosed Third Amendment to Fifth Amended and Restated Loan and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/837465/000119312525135145/0001193125-25-135145-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $525 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"14df8a32f2514a576a843a1826bde9d2083db48f","claim":"Callaway Golf Co completed a disposition involving Anca Holdco GmbH & Co. KG (indirect wholly-owned subsidiary of ANTA Sports Products Limited) for $290 million in cash, net of cash sold and subject to net working capital and other customary adjustments (closed 2025-05-31).","evidence_excerpt":"the Company completed the sale of 100% of the outstanding equity interests of Callaway Germany Holdco GmbH, which owns various entities that operate the Jack Wolfskin business, for $290 million in cash","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/837465/000119312525135145/0001193125-25-135145-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Anca Holdco GmbH & Co. KG (indirect wholly-owned subsidiary of ANTA Sports Products Limited)"},{"label":"Consideration","value":"$290 million in cash, net of cash sold and subject to net working capital and other customary adjustments"},{"label":"Closing","value":"2025-05-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}