<p><strong>宣布偿还 10 亿美元债务及</strong> <strong>新的 2 亿美元股票回购计划</strong></p>
<ul>
<li><strong>公司将企业名称更改回 Callaway Golf Company，并将股票代码更改为 CALY</strong></li>
</ul>
<p>, /PRNewswire/ -- Topgolf Callaway Brands Corp.（“公司” 或 “Topgolf Callaway Brands”，“我们”，“我们的”，“我们”）（NYSE: MODG）很高兴地宣布，已成功完成将其 Topgolf 和 Toptracer 业务（“Topgolf”）的 60% 股份出售给 Leonard Green &amp; Partners, L.P.管理的私募股权基金，交易自 2026 年 1 月 1 日起生效。该交易对 Topgolf 的估值约为 11 亿美元。与此次出售及相关融资交易相关，Topgolf Callaway Brands 获得了约 8 亿美元的现金收益，扣除营运资金调整和交易费用（并需进一步进行常规的购买价格调整）。</p>
<p>在交易完成后，公司还偿还了 10 亿美元的 B 类贷款未偿借款。</p>
<p>在偿还后，公司大约有 4.8 亿美元的未偿债务（包括约 2.58 亿美元的可转换债券和约 1.66 亿美元的定期债务），以及约 6.8 亿美元的无条件现金及现金等价物。公司计划使用部分交易收益偿还其可转换债券，这些债券预计在 2026 年 5 月到期。</p>
<p>公司的董事会（“董事会”）还授权公司在公开市场或私人交易中回购最多 2 亿美元的公司普通股。公司将不时评估市场状况、购买机会和其他因素，并在认为合适的情况下进行战略性回购。任何回购将遵循 1934 年证券交易法第 10b-18 条的规定，受市场条件、适用法律要求和其他因素的限制，且任何回购将与公司的信贷设施条款一致，这些条款定义了可以回购的股票数量。该回购计划不要求公司收购特定数量的股份，并将持续有效，直到完成或被董事会终止。该回购计划替代了之前股票回购计划的任何未使用部分。</p>
<p>“我很高兴今天报告我们已完成对 Topgolf 的多数股权出售，” Topgolf Callaway Brands 的总裁兼首席执行官 Chip Brewer 评论道。“这笔交易使两家公司成为独立的、资本充足的、专注的纯粹业务，能够在各自的领域中蓬勃发展。它还通过战略营销合作伙伴关系保持强大的市场协同效应，并为我们在 Topgolf 保留的 40% 股份提供未来价值创造的机会。此外，通过偿还 10 亿美元债务和董事会批准的新股票回购计划，我们不仅显著降低了杠杆率，还加强了我们为股东提供长期价值的承诺。”</p>
<p>此外，公司宣布计划将企业名称更改回 “Callaway Golf Company”。公司预计企业名称更改将在 2026 年 1 月 15 日左右生效。与此变更相关，预计在 2026 年 1 月 16 日左右，公司还打算将其在纽约证券交易所的股票代码从 “MODG” 更改为 “CALY”。</p>
<p><strong>关于 Topgolf Callaway Brands（NYSE: MODG）</strong></p>
<p>Topgolf Callaway Brands 将更名为 Callaway Golf Company（NYSE: CALY），是一家高端高尔夫设备、装备和服装公司，拥有包括 Callaway Golf、Odyssey、TravisMathew 和 OGIO 在内的全球品牌组合。通过对创新和优质工艺的坚定承诺，Callaway 设计、制造和销售高性能高尔夫球杆、高尔夫球、服装、球包及其他配件——为高尔夫运动设定了性能标准。欲了解更多信息，请访问 www.topgolfcallawaybrands.com。</p>
<p><strong>前瞻性声明</strong></p>
<p>本新闻稿中涉及未来计划、事件、财务结果、业绩、前景或增长机会的声明，包括与公司可转换债券偿还计划、公司根据股票回购计划回购普通股的意图、股票回购计划的预期时间、金额和影响、为股东创造长期价值、进一步增长和对公司核心业务的投资、Topgolf 和 Callaway 在交易完成后各自业务的蓬勃发展能力、公司对名称变更生效日期的预期；公司希望其普通股在 2026 年 1 月 16 日左右继续在纽约证券交易所以 “CALY” 代码上市，以及对上述任何内容的信念和假设的声明，均为 1995 年《私人证券诉讼改革法》定义的前瞻性声明。“相信”、“期望”、“估计”、“可能”、“应该”、“打算”、“或许”、“计划”、“寻求”、“预期”、“项目” 等类似表达通常标识前瞻性声明，这些声明仅在作出时有效，并不保证未来的业绩。这些声明基于当前的信息和预期。准确估计前瞻性声明基于各种风险和不确定性。由于这些风险和不确定性或其他风险和不确定性，实际结果可能与估计或预期的结果有重大差异。有关可能影响这些声明和公司业务的其他风险和不确定性的信息，请参见公司截至 2024 年 12 月 31 日的 10-K 表格年度报告，以及公司随后向证券交易委员会提交的 10-K、10-Q 和 8-K 表格报告中详细列出的其他风险和不确定性。读者被提醒不要对这些前瞻性声明过度依赖，这些声明仅在本日期有效。公司没有义务重新发布修订后的前瞻性声明，以反映本日期后的事件或情况，或反映意外事件的发生。</p>
<p><strong>投资者联系</strong> Katina Metzidakis</p>
<p>invrelations@tcbrands.com</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/464637/Topgolf_Callaway_Brands_Corp_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/464637/Topgolf_Callaway_Brands_Corp_Logo.jpg"/></p>
<p>来源 Topgolf Callaway Brands Corp.</p>

MODG

CALY

<p>Topgolf Callaway Brands 已完成将其 Topgolf 业务 60% 的股份出售给 Leonard Green & Partners，交易金额约为 11 亿美元。公司获得了约 8 亿美元的现金，并偿还了 10 亿美元的债务，剩余 4.8 亿美元的未偿债务和 6.8 亿美元的现金。公司已授权一项新的 2 亿美元股票回购计划，并计划在 2026 年 1 月之前将名称更改回 Callaway Golf Company，股票代码更改为 CALY</p>

<p><strong>Announces Repayment of $1 Billion of Debt and</strong> <strong>New $200 Million Stock Repurchase Program</strong></p>
<div class="lb-trans"><p><strong>宣布偿还 10 亿美元债务及</strong> <strong>新的 2 亿美元股票回购计划</strong></p>
</div><ul>
<li><strong>Company to change corporate name back to Callaway Golf Company and change ticker symbol to CALY</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>公司将企业名称更改回 Callaway Golf Company，并将股票代码更改为 CALY</strong></li>
</ul>
</div><p>, /PRNewswire/ -- Topgolf Callaway Brands Corp. (the &#34;Company&#34; or &#34;Topgolf Callaway Brands,&#34; &#34;we,&#34; &#34;our,&#34; &#34;us&#34;) (NYSE: MODG) is pleased to announce the successful completion of its sale of a 60% stake in its Topgolf and Toptracer businesses (&#34;Topgolf&#34;) to private equity funds managed by Leonard Green &amp; Partners, L.P., 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 (and subject to further customary purchase price adjustments).</p>
<div class="lb-trans"><p>, /PRNewswire/ -- Topgolf Callaway Brands Corp.（“公司” 或 “Topgolf Callaway Brands”，“我们”，“我们的”，“我们”）（NYSE: MODG）很高兴地宣布，已成功完成将其 Topgolf 和 Toptracer 业务（“Topgolf”）的 60% 股份出售给 Leonard Green &amp; Partners, L.P.管理的私募股权基金，交易自 2026 年 1 月 1 日起生效。该交易对 Topgolf 的估值约为 11 亿美元。与此次出售及相关融资交易相关，Topgolf Callaway Brands 获得了约 8 亿美元的现金收益，扣除营运资金调整和交易费用（并需进一步进行常规的购买价格调整）。</p>
</div><p>In connection with the closing, the Company also repaid $1 billion of outstanding borrowings under its term loan B facility.</p>
<div class="lb-trans"><p>在交易完成后，公司还偿还了 10 亿美元的 B 类贷款未偿借款。</p>
</div><p>Immediately following the repayment, the Company had approximately $480 million in outstanding debt (including approximately $258 million in convertible notes and approximately $166 million in term debt) and unrestricted cash and cash equivalents of approximately $680 million. The Company plans to use a portion of the transaction proceeds received to repay its convertible notes, which are scheduled to mature in May 2026.</p>
<div class="lb-trans"><p>在偿还后，公司大约有 4.8 亿美元的未偿债务（包括约 2.58 亿美元的可转换债券和约 1.66 亿美元的定期债务），以及约 6.8 亿美元的无条件现金及现金等价物。公司计划使用部分交易收益偿还其可转换债券，这些债券预计在 2026 年 5 月到期。</p>
</div><p>The Company's Board of Directors (&#34;Board&#34;) has also authorized the Company to repurchase up to $200 million of the Company's common stock in open market or private transactions. The Company will assess market conditions, buying opportunities and other factors from time to time and will make strategic repurchases as deemed appropriate. Any repurchases will be made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, subject to market conditions, applicable legal requirements and other factors, and any repurchases will be made consistent with the terms of the Company's credit facilities, which define the amount of stock that can be repurchased. The repurchase program does not require the Company to acquire a specific number of shares, and it will remain in effect until completed or terminated by the Board. This repurchase program replaces any unused portion of the prior stock repurchase program.</p>
<div class="lb-trans"><p>公司的董事会（“董事会”）还授权公司在公开市场或私人交易中回购最多 2 亿美元的公司普通股。公司将不时评估市场状况、购买机会和其他因素，并在认为合适的情况下进行战略性回购。任何回购将遵循 1934 年证券交易法第 10b-18 条的规定，受市场条件、适用法律要求和其他因素的限制，且任何回购将与公司的信贷设施条款一致，这些条款定义了可以回购的股票数量。该回购计划不要求公司收购特定数量的股份，并将持续有效，直到完成或被董事会终止。该回购计划替代了之前股票回购计划的任何未使用部分。</p>
</div><p>&#34;I am very pleased to report today that we have completed the sale of a majority interest in Topgolf,&#34; commented Chip Brewer, President and Chief Executive Officer of Topgolf Callaway Brands. &#34;This transaction positions both companies as separate, well-capitalized, focused, pure play businesses that should thrive in their respective spaces. It also maintains the strong marketing synergies via a strategic marketing partnership and provides the opportunity for future value creation through our 40% retained stake in Topgolf. Further, with our repayment of $1 billion in debt, and our Board's approval of a new share repurchase program, we are not only significantly reducing our leverage but also reinforcing our commitment to delivering long-term value for our shareholders.&#34;</p>
<div class="lb-trans"><p>“我很高兴今天报告我们已完成对 Topgolf 的多数股权出售，” Topgolf Callaway Brands 的总裁兼首席执行官 Chip Brewer 评论道。“这笔交易使两家公司成为独立的、资本充足的、专注的纯粹业务，能够在各自的领域中蓬勃发展。它还通过战略营销合作伙伴关系保持强大的市场协同效应，并为我们在 Topgolf 保留的 40% 股份提供未来价值创造的机会。此外，通过偿还 10 亿美元债务和董事会批准的新股票回购计划，我们不仅显著降低了杠杆率，还加强了我们为股东提供长期价值的承诺。”</p>
</div><p>In addition, the Company announced its plans to change its corporate name back to &#34;Callaway Golf Company.&#34; The Company expects the corporate name change to be effective on or about January 15, 2026. In connection with the change, effective on or about January 16, 2026, the Company also intends to change its ticker symbol on the New York Stock Exchange from &#34;MODG&#34; to &#34;CALY.&#34;</p>
<div class="lb-trans"><p>此外，公司宣布计划将企业名称更改回 “Callaway Golf Company”。公司预计企业名称更改将在 2026 年 1 月 15 日左右生效。与此变更相关，预计在 2026 年 1 月 16 日左右，公司还打算将其在纽约证券交易所的股票代码从 “MODG” 更改为 “CALY”。</p>
</div><p><strong>About Topgolf Callaway Brands (NYSE: MODG)</strong></p>
<div class="lb-trans"><p><strong>关于 Topgolf Callaway Brands（NYSE: MODG）</strong></p>
</div><p>Topgolf Callaway Brands, which will be changing its name to Callaway Golf Company (NYSE: CALY), is a premium golf equipment, gear and apparel company with a portfolio of global brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Through an unwavering commitment to innovation and premium craftsmanship, Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories—setting the standard for performance in the game of golf. For more information, please visit www.topgolfcallawaybrands.com.</p>
<div class="lb-trans"><p>Topgolf Callaway Brands 将更名为 Callaway Golf Company（NYSE: CALY），是一家高端高尔夫设备、装备和服装公司，拥有包括 Callaway Golf、Odyssey、TravisMathew 和 OGIO 在内的全球品牌组合。通过对创新和优质工艺的坚定承诺，Callaway 设计、制造和销售高性能高尔夫球杆、高尔夫球、服装、球包及其他配件——为高尔夫运动设定了性能标准。欲了解更多信息，请访问 www.topgolfcallawaybrands.com。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性声明</strong></p>
</div><p>Statements used in this press release that relate to future plans, events, financial results, performance, prospects, or growth opportunities, including statements relating to plans for repayment of the Company's convertible notes, the Company's intention to repurchase shares of its common stock pursuant to a stock repurchase program, the anticipated timing, amount and impact of the stock repurchase program, delivering long-term value for shareholders, further growth and investments in the Company's core business, the ability of the separate businesses of Topgolf and Callaway to thrive in their respective spaces following the closing of the transaction, the Company's expectation of the effective date of the name change; the Company's intention for its common shares to continue to be listed for trading on the New York Stock Exchange under the ticker symbol &#34;CALY&#34; beginning on or about January 16, 2026 and statements of belief and any statement of assumptions underlying any of the foregoing, are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. The words &#34;believe,&#34; &#34;expect,&#34; &#34;estimate,&#34; &#34;could,&#34; &#34;would,&#34; &#34;should,&#34; &#34;intend,&#34; &#34;may,&#34; &#34;plan,&#34; &#34;seek,&#34; &#34;anticipate,&#34; &#34;project&#34; and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made and are not guarantees of future performance. These statements are based upon current information and expectations. Accurately estimating the forward-looking statements is based upon various risks and unknowns. Actual results may differ materially from those estimated or anticipated as a result of these risks and unknowns or other risks and uncertainties. For additional information concerning these and other risks and uncertainties that could affect these statements and the Company's business, see the Company's Annual Report on Form 10-K for the year ended December 31, 2024 as well as other risks and uncertainties detailed from time to time in the Company's reports on Forms 10-K, 10-Q and 8-K subsequently filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.</p>
<div class="lb-trans"><p>本新闻稿中涉及未来计划、事件、财务结果、业绩、前景或增长机会的声明，包括与公司可转换债券偿还计划、公司根据股票回购计划回购普通股的意图、股票回购计划的预期时间、金额和影响、为股东创造长期价值、进一步增长和对公司核心业务的投资、Topgolf 和 Callaway 在交易完成后各自业务的蓬勃发展能力、公司对名称变更生效日期的预期；公司希望其普通股在 2026 年 1 月 16 日左右继续在纽约证券交易所以 “CALY” 代码上市，以及对上述任何内容的信念和假设的声明，均为 1995 年《私人证券诉讼改革法》定义的前瞻性声明。“相信”、“期望”、“估计”、“可能”、“应该”、“打算”、“或许”、“计划”、“寻求”、“预期”、“项目” 等类似表达通常标识前瞻性声明，这些声明仅在作出时有效，并不保证未来的业绩。这些声明基于当前的信息和预期。准确估计前瞻性声明基于各种风险和不确定性。由于这些风险和不确定性或其他风险和不确定性，实际结果可能与估计或预期的结果有重大差异。有关可能影响这些声明和公司业务的其他风险和不确定性的信息，请参见公司截至 2024 年 12 月 31 日的 10-K 表格年度报告，以及公司随后向证券交易委员会提交的 10-K、10-Q 和 8-K 表格报告中详细列出的其他风险和不确定性。读者被提醒不要对这些前瞻性声明过度依赖，这些声明仅在本日期有效。公司没有义务重新发布修订后的前瞻性声明，以反映本日期后的事件或情况，或反映意外事件的发生。</p>
</div><p><strong>Investor Contact</strong> Katina Metzidakis</p>
<div class="lb-trans"><p><strong>投资者联系</strong> Katina Metzidakis</p>
</div><p>invrelations@tcbrands.com</p>
<div class="lb-trans"><p>invrelations@tcbrands.com</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/464637/Topgolf_Callaway_Brands_Corp_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/464637/Topgolf_Callaway_Brands_Corp_Logo.jpg"/></p>
<p>SOURCE Topgolf Callaway Brands Corp.</p>
<div class="lb-trans"><p>来源 Topgolf Callaway Brands Corp.</p>
</div>

Topgolf Callaway Brands 完成了将 Topgolf 的多数股权出售给 Leonard Green & Partners | CALY 股票新闻