secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2026-06-01T20:31:40+00:00
Accession:  0001193125-26-251558
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000119312526251558/0001193125-26-251558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000119312526251558/d16706d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-251558

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