Topgolf Callaway Brands Corp. Enters Material Definitive Agreement
Ticker: CALY · Form: 8-K · Filed: Mar 21, 2024 · CIK: 837465
| Field | Detail |
|---|---|
| Company | Topgolf Callaway Brands Corp. (CALY) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1,250 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: MODG
TL;DR
Callaway (MODG) inked a big deal, expect financial moves.
AI Summary
On March 19, 2024, Topgolf Callaway Brands Corp. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as Callaway Golf Co., is incorporated in Delaware and headquartered in Carlsbad, CA.
Why It Matters
This filing indicates a significant financial commitment or obligation for Topgolf Callaway Brands Corp., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Topgolf Callaway Brands Corp. (company) — Registrant
- Callaway Golf Co. (company) — Former Company Name
- March 19, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Topgolf Callaway Brands Corp. enter into?
The filing indicates the entry into a material definitive agreement that also constitutes the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 19, 2024.
What is the exact name of the registrant?
The exact name of the registrant is Topgolf Callaway Brands Corp.
In which state is Topgolf Callaway Brands Corp. incorporated?
Topgolf Callaway Brands Corp. is incorporated in Delaware.
What was Topgolf Callaway Brands Corp. formerly known as?
Topgolf Callaway Brands Corp. was formerly known as Callaway Golf Co.
Filing Stats: 1,053 words · 4 min read · ~4 pages · Grade level 12 · Accepted 2024-03-21 16:29:03
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share MODG The New Yo
- $1,250 million — original aggregate principal amount of $1,250 million (the "Term Loans"). On March 19, 2024
Filing Documents
- d806890d8k.htm (8-K) — 32KB
- d806890dex991.htm (EX-99.1) — 10KB
- g806890g0321200708222.jpg (GRAPHIC) — 6KB
- 0001193125-24-073881.txt ( ) — 172KB
- modg-20240319.xsd (EX-101.SCH) — 3KB
- modg-20240319_lab.xml (EX-101.LAB) — 17KB
- modg-20240319_pre.xml (EX-101.PRE) — 11KB
- d806890d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits.*
Financial Statements and Exhibits.* (d) Exhibits . The following exhibit is being furnished herewith: Exhibit 99.1 Press Release, dated March 21, 2024, captioned, "Topgolf Callaway Brands Successfully Completes Debt Repricing." Exhibit 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document * The information furnished in this Current Report on Form 8-K shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TOPGOLF CALLAWAY BRANDS CORP. Date: March 21, 2024 By: /s/ Heather McAllister Heather McAllister Senior Vice President and General Counsel