Welcome to our dedicated page for CALY news (Ticker: CALY), a resource for investors and traders seeking the latest updates and insights on CALY stock.
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Topgolf Callaway Brands (NYSE:MODG) completed the sale of a 60% stake in Topgolf to funds managed by Leonard Green & Partners, valuing Topgolf at approximately $1.1 billion and generating ~$800 million in net cash proceeds to the company, effective January 1, 2026.
The company repaid $1.0 billion of term loan B borrowings, leaving approximately $480 million of outstanding debt and ~$680 million of unrestricted cash. The Board authorized a new $200 million stock repurchase program. The company will revert its corporate name to Callaway Golf Company and intends to change its NYSE ticker to CALY in mid-January 2026.
