M&A - Topgolf Callaway Brands Corp.

Form Type: 8-K

Filing Date: 2025-06-05

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525135145

Filing Summary: On May 31, 2025, Topgolf Callaway Brands Corp. completed the sale of 100% of the outstanding equity interests of Callaway Germany Holdco GmbH, encompassing various entities that operate the Jack Wolfskin business, to Anca Holdco GmbH & Co. KG for $290 million in cash. This transaction was executed as per the Sale & Purchase Agreement dated April 10, 2025. With this acquisition, the company streamlined its operations, reallocating a portion of their asset-based revolving credit facilities from a German facility to a U.S. facility following the sale. A press release detailing the sale was issued on June 2, 2025, highlighting the successful transaction and its implications for the company's future strategic direction.