Topgolf Callaway (MODG) Brands announces the successful completion of its sale of a 60% stake in its Topgolf and Toptracer businesses to private equity funds managed by Leonard Green & Partners, effective January 1, 2026. The transaction values Topgolf at approximately $1.1 billion. In connection with the sale and related financing transactions, Topgolf Callaway Brands received approximately $800 million in cash proceeds, net of working capital adjustments and transaction expenses. In connection with the closing, the Company also repaid $1 billion of outstanding borrowings under its term loan B facility.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MODG:
- Topgolf Callaway Brands Director Resigns Amid Board Restructuring
- Topgolf Callaway participates in a conference call with Jefferies
- Topgolf Callaway CEO to Join Jefferies Chat
- Topgolf Callaway price target raised to $11 from $10 at UBS
- Texas Capital positive on Topgolf deal, ‘disappointed’ by implied valuation