Topgolf Callaway Sells 60% Stake for $800M Cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Source: NASDAQ.COM
- Successful Stake Sale: Topgolf Callaway Brands has completed the sale of a 60% stake in its Topgolf and Toptracer businesses, valuing the transaction at approximately $1.1 billion, which has provided the company with about $800 million in net cash proceeds, significantly enhancing its liquidity and financial flexibility.
- Debt Repayment: Following the transaction, the company repaid $1 billion of its term loan B borrowings, reducing financial leverage and improving its capital structure, thereby providing greater room for future investments and growth.
- Share Repurchase Program: The board has authorized a share repurchase program of up to $200 million, aimed at enhancing shareholder value and boosting market confidence, which is expected to have a positive impact on the stock price.
- Brand Restructuring: The company plans to revert its name back to Callaway Golf Company by January 15, 2026, and change its NYSE ticker symbol to CALY, aiming to strengthen its brand image and attract more investor attention.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
