Callaway Golf Announces U.S. Investment to Lead a New Era of Golf Club Performance

(NYSE:CALY) Callaway Golf Company announced a $15 million investment in a new advanced 3D printing facility in Fort Worth, Texas. The facility will expand Callaway's advanced titanium R&D and manufacturing capabilities, enabling engineers to develop complex designs and structures not achievable through conventional manufacturing. The investment is the result of approximately seven years of research and development in additive manufacturing. Since late 2022, Callaway has produced prototypes and custom models internally, developing specialized expertise in titanium 3D printing. The new Fort Worth facility will establish dedicated U.S. production capabilities to develop and bring advanced designs from concept to reality. The facility is located adjacent to Callaway's North America Distribution Center. It is expected to become operational in mid-2027 and begin supporting a portion of the Company's U.S. product needs in 2028, initially focusing on custom titanium products. Over the past several years, Callaway has invested more than $100 million in its golf ball manufacturing operations in Chicopee, Massachusetts. The Chicopee facility is described as the most advanced golf ball manufacturing facility in the world. These investments represent a long-term commitment to developing proprietary technologies, expanding American manufacturing expertise, and creating golf equipment that delivers meaningful performance advantages for golfers. Chip Brewer, President and CEO of Callaway Golf Company, stated that 3D printing represents one of the most significant opportunities to advance golf club performance in decades and that the company is investing to lead that future. Brewer also emphasized that the company is building capabilities to give engineers the freedom to pursue ideas that were not possible before. The Texas investment extends Callaway's longstanding commitment to advanced manufacturing in the United States. The company believes that the ability to make what others cannot can deliver a defining competitive advantage. The ambition is to turn advanced engineering, technology, and manufacturing capabilities into extraordinary products for golfers.

Callaway Golf Company Announces Full Repayment of Term Loan B

(NYSE: CALY) Callaway Golf Company announced that it has repaid in full the remaining approximately $163 million outstanding under its term loan B facility. This follows the Company's voluntary prepayment of $1 billion of term loan B debt in January 2026. The repayment was funded with cash on hand, and immediately following the repayment, the Company had approximately $53 million of remaining gross debt, consisting of approximately $44 million under its Japan ABL facility and approximately $9 million of equipment notes and finance leases. The Company also reported unrestricted cash and cash equivalents of over $150 million. The repayment will reduce future cash interest expense and enhance financial flexibility. The Company continues to expect to end the year in a net cash to zero net leverage position. This repayment is consistent with the Company's previously communicated capital allocation priorities of reinvesting in the business, maintaining a healthy balance sheet and returning capital to shareholders.