<p><strong>宣佈償還 10 億美元債務及</strong> <strong>新的 2 億美元股票回購計劃</strong></p>
<ul>
<li><strong>公司將企業名稱更改回 Callaway Golf Company，並將股票代碼更改為 CALY</strong></li>
</ul>
<p>, /PRNewswire/ -- Topgolf Callaway Brands Corp.（“公司” 或 “Topgolf Callaway Brands”，“我們”，“我們的”，“我們”）（NYSE: MODG）很高興地宣佈，已成功完成將其 Topgolf 和 Toptracer 業務（“Topgolf”）的 60% 股份出售給 Leonard Green &amp; Partners, L.P.管理的私募股權基金，交易自 2026 年 1 月 1 日起生效。該交易對 Topgolf 的估值約為 11 億美元。與此次出售及相關融資交易相關，Topgolf Callaway Brands 獲得了約 8 億美元的現金收益，扣除營運資金調整和交易費用（並需進一步進行常規的購買價格調整）。</p>
<p>在交易完成後，公司還償還了 10 億美元的 B 類貸款未償借款。</p>
<p>在償還後，公司大約有 4.8 億美元的未償債務（包括約 2.58 億美元的可轉換債券和約 1.66 億美元的定期債務），以及約 6.8 億美元的無條件現金及現金等價物。公司計劃使用部分交易收益償還其可轉換債券，這些債券預計在 2026 年 5 月到期。</p>
<p>公司的董事會（“董事會”）還授權公司在公開市場或私人交易中回購最多 2 億美元的公司普通股。公司將不時評估市場狀況、購買機會和其他因素，並在認為合適的情況下進行戰略性回購。任何回購將遵循 1934 年證券交易法第 10b-18 條的規定，受市場條件、適用法律要求和其他因素的限制，且任何回購將與公司的信貸設施條款一致，這些條款定義了可以回購的股票數量。該回購計劃不要求公司收購特定數量的股份，並將持續有效，直到完成或被董事會終止。該回購計劃替代了之前股票回購計劃的任何未使用部分。</p>
<p>“我很高興今天報告我們已完成對 Topgolf 的多數股權出售，” Topgolf Callaway Brands 的總裁兼首席執行官 Chip Brewer 評論道。“這筆交易使兩家公司成為獨立的、資本充足的、專注的純粹業務，能夠在各自的領域中蓬勃發展。它還通過戰略營銷合作伙伴關係保持強大的市場協同效應，併為我們在 Topgolf 保留的 40% 股份提供未來價值創造的機會。此外，通過償還 10 億美元債務和董事會批准的新股票回購計劃，我們不僅顯著降低了槓桿率，還加強了我們為股東提供長期價值的承諾。”</p>
<p>此外，公司宣佈計劃將企業名稱更改回 “Callaway Golf Company”。公司預計企業名稱更改將在 2026 年 1 月 15 日左右生效。與此變更相關，預計在 2026 年 1 月 16 日左右，公司還打算將其在紐約證券交易所的股票代碼從 “MODG” 更改為 “CALY”。</p>
<p><strong>關於 Topgolf Callaway Brands（NYSE: MODG）</strong></p>
<p>Topgolf Callaway Brands 將更名為 Callaway Golf Company（NYSE: CALY），是一家高端高爾夫設備、裝備和服裝公司，擁有包括 Callaway Golf、Odyssey、TravisMathew 和 OGIO 在內的全球品牌組合。通過對創新和優質工藝的堅定承諾，Callaway 設計、製造和銷售高性能高爾夫球杆、高爾夫球、服裝、球包及其他配件——為高爾夫運動設定了性能標準。欲瞭解更多信息，請訪問 www.topgolfcallawaybrands.com。</p>
<p><strong>前瞻性聲明</strong></p>
<p>本新聞稿中涉及未來計劃、事件、財務結果、業績、前景或增長機會的聲明，包括與公司可轉換債券償還計劃、公司根據股票回購計劃回購普通股的意圖、股票回購計劃的預期時間、金額和影響、為股東創造長期價值、進一步增長和對公司核心業務的投資、Topgolf 和 Callaway 在交易完成後各自業務的蓬勃發展能力、公司對名稱變更生效日期的預期；公司希望其普通股在 2026 年 1 月 16 日左右繼續在紐約證券交易所以 “CALY” 代碼上市，以及對上述任何內容的信念和假設的聲明，均為 1995 年《私人證券訴訟改革法》定義的前瞻性聲明。“相信”、“期望”、“估計”、“可能”、“應該”、“打算”、“或許”、“計劃”、“尋求”、“預期”、“項目” 等類似表達通常標識前瞻性聲明，這些聲明僅在作出時有效，並不保證未來的業績。這些聲明基於當前的信息和預期。準確估計前瞻性聲明基於各種風險和不確定性。由於這些風險和不確定性或其他風險和不確定性，實際結果可能與估計或預期的結果有重大差異。有關可能影響這些聲明和公司業務的其他風險和不確定性的信息，請參見公司截至 2024 年 12 月 31 日的 10-K 表格年度報告，以及公司隨後向證券交易委員會提交的 10-K、10-Q 和 8-K 表格報告中詳細列出的其他風險和不確定性。讀者被提醒不要對這些前瞻性聲明過度依賴，這些聲明僅在本日期有效。公司沒有義務重新發布修訂後的前瞻性聲明，以反映本日期後的事件或情況，或反映意外事件的發生。</p>
<p><strong>投資者聯繫</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>來源 Topgolf Callaway Brands Corp.</p>

MODG

CALY

<p>Topgolf Callaway Brands 已完成將其 Topgolf 業務 60% 的股份出售給 Leonard Green & Partners，交易金額約為 11 億美元。公司獲得了約 8 億美元的現金，並償還了 10 億美元的債務，剩餘 4.8 億美元的未償債務和 6.8 億美元的現金。公司已授權一項新的 2 億美元股票回購計劃，並計劃在 2026 年 1 月之前將名稱更改回 Callaway Golf Company，股票代碼更改為 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>宣佈償還 10 億美元債務及</strong> <strong>新的 2 億美元股票回購計劃</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>公司將企業名稱更改回 Callaway Golf Company，並將股票代碼更改為 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”，“我們”，“我們的”，“我們”）（NYSE: MODG）很高興地宣佈，已成功完成將其 Topgolf 和 Toptracer 業務（“Topgolf”）的 60% 股份出售給 Leonard Green &amp; Partners, L.P.管理的私募股權基金，交易自 2026 年 1 月 1 日起生效。該交易對 Topgolf 的估值約為 11 億美元。與此次出售及相關融資交易相關，Topgolf Callaway Brands 獲得了約 8 億美元的現金收益，扣除營運資金調整和交易費用（並需進一步進行常規的購買價格調整）。</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>在交易完成後，公司還償還了 10 億美元的 B 類貸款未償借款。</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>在償還後，公司大約有 4.8 億美元的未償債務（包括約 2.58 億美元的可轉換債券和約 1.66 億美元的定期債務），以及約 6.8 億美元的無條件現金及現金等價物。公司計劃使用部分交易收益償還其可轉換債券，這些債券預計在 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>公司的董事會（“董事會”）還授權公司在公開市場或私人交易中回購最多 2 億美元的公司普通股。公司將不時評估市場狀況、購買機會和其他因素，並在認為合適的情況下進行戰略性回購。任何回購將遵循 1934 年證券交易法第 10b-18 條的規定，受市場條件、適用法律要求和其他因素的限制，且任何回購將與公司的信貸設施條款一致，這些條款定義了可以回購的股票數量。該回購計劃不要求公司收購特定數量的股份，並將持續有效，直到完成或被董事會終止。該回購計劃替代了之前股票回購計劃的任何未使用部分。</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>“我很高興今天報告我們已完成對 Topgolf 的多數股權出售，” Topgolf Callaway Brands 的總裁兼首席執行官 Chip Brewer 評論道。“這筆交易使兩家公司成為獨立的、資本充足的、專注的純粹業務，能夠在各自的領域中蓬勃發展。它還通過戰略營銷合作伙伴關係保持強大的市場協同效應，併為我們在 Topgolf 保留的 40% 股份提供未來價值創造的機會。此外，通過償還 10 億美元債務和董事會批准的新股票回購計劃，我們不僅顯著降低了槓桿率，還加強了我們為股東提供長期價值的承諾。”</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，公司宣佈計劃將企業名稱更改回 “Callaway Golf Company”。公司預計企業名稱更改將在 2026 年 1 月 15 日左右生效。與此變更相關，預計在 2026 年 1 月 16 日左右，公司還打算將其在紐約證券交易所的股票代碼從 “MODG” 更改為 “CALY”。</p>
</div><p><strong>About Topgolf Callaway Brands (NYSE: MODG)</strong></p>
<div class="lb-trans"><p><strong>關於 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 將更名為 Callaway Golf Company（NYSE: CALY），是一家高端高爾夫設備、裝備和服裝公司，擁有包括 Callaway Golf、Odyssey、TravisMathew 和 OGIO 在內的全球品牌組合。通過對創新和優質工藝的堅定承諾，Callaway 設計、製造和銷售高性能高爾夫球杆、高爾夫球、服裝、球包及其他配件——為高爾夫運動設定了性能標準。欲瞭解更多信息，請訪問 www.topgolfcallawaybrands.com。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性聲明</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>本新聞稿中涉及未來計劃、事件、財務結果、業績、前景或增長機會的聲明，包括與公司可轉換債券償還計劃、公司根據股票回購計劃回購普通股的意圖、股票回購計劃的預期時間、金額和影響、為股東創造長期價值、進一步增長和對公司核心業務的投資、Topgolf 和 Callaway 在交易完成後各自業務的蓬勃發展能力、公司對名稱變更生效日期的預期；公司希望其普通股在 2026 年 1 月 16 日左右繼續在紐約證券交易所以 “CALY” 代碼上市，以及對上述任何內容的信念和假設的聲明，均為 1995 年《私人證券訴訟改革法》定義的前瞻性聲明。“相信”、“期望”、“估計”、“可能”、“應該”、“打算”、“或許”、“計劃”、“尋求”、“預期”、“項目” 等類似表達通常標識前瞻性聲明，這些聲明僅在作出時有效，並不保證未來的業績。這些聲明基於當前的信息和預期。準確估計前瞻性聲明基於各種風險和不確定性。由於這些風險和不確定性或其他風險和不確定性，實際結果可能與估計或預期的結果有重大差異。有關可能影響這些聲明和公司業務的其他風險和不確定性的信息，請參見公司截至 2024 年 12 月 31 日的 10-K 表格年度報告，以及公司隨後向證券交易委員會提交的 10-K、10-Q 和 8-K 表格報告中詳細列出的其他風險和不確定性。讀者被提醒不要對這些前瞻性聲明過度依賴，這些聲明僅在本日期有效。公司沒有義務重新發布修訂後的前瞻性聲明，以反映本日期後的事件或情況，或反映意外事件的發生。</p>
</div><p><strong>Investor Contact</strong> Katina Metzidakis</p>
<div class="lb-trans"><p><strong>投資者聯繫</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>來源 Topgolf Callaway Brands Corp.</p>
</div>

Topgolf Callaway Brands 完成了將 Topgolf 的多數股權出售給 Leonard Green & Partners | CALY 股票新聞