Topgolf Callaway Brands Completes Sale, Repays $1 Billion Debt, and Announces New Stock Repurchase Program.
ByAinvest
Monday, Jan 5, 2026 7:32 am ET1min read
MODG--
Topgolf Callaway Brands has completed the sale of a 60% stake in its Topgolf business to Leonard Green & Partners for approximately $1.1 billion. The company received $800 million in cash proceeds and repaid $1 billion of outstanding debt. Topgolf Callaway Brands will change its name back to Callaway Golf Company and ticker symbol to CALY. The company's board has also authorized a $200 million stock repurchase program.
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