Callaway Golf Company Announces Full Repayment of Term Loan B

CARLSBAD, Calif., June 1, 2026 /PRNewswire/ -- Callaway Golf Company (NYSE: CALY)(the "Company") today announced that it has repaid in full the remaining approximately $163 million outstanding under its term loan B facility, following its voluntary prepayment of $1 billion of term loan B debt in January 2026. The repayment was funded with cash on hand, further simplifying the Company's capital structure. Immediately following the repayment, the Company had approximately $53 million of remaining gross debt, consisting of approximately $44 million under its Japan ABL facility and approximately $9 million of equipment notes and finance leases, as well as unrestricted cash and cash equivalents of over $150 million. The repayment will reduce future cash interest expense and enhance financial flexibility.

"This final repayment marks an important milestone in the balance sheet actions we outlined earlier this year," said Brian Lynch, Chief Financial Officer and Chief Legal Officer. "With our term loan B now fully repaid, we are well positioned to continue executing our capital allocation priorities with a strong balance sheet."