Callaway Golf repays remaining $163M term loan B, reducing gross debt to $53M

Callaway Golf Co

Repaid full $163M term loan B balance with cash on hand; total gross debt now $53M ($44M Japan ABL, $9M equipment notes/leases).
Voluntary $1B prepayment in January 2026 preceded this final repayment, completing earlier announced balance sheet actions.
Unrestricted cash exceeds $150M after repayment; expects net cash to zero net leverage by year-end.
Repayment reduces future cash interest expense and enhances financial flexibility for capital allocation priorities.

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