CARLSBAD, Calif., Sept. 20, 2021 /PRNewswire/ -- Callaway Golf
Company (the "Company" or "Callaway") (NYSE: ELY) announced today
the closing of its previously announced underwritten public
offering of 4,600,000 shares of its common stock, which includes
the full exercise by the underwriters of their option to purchase
up to 600,000 additional shares of common stock, at a public
offering price of $29.25 per share,
before deducting underwriting discounts and commissions, all of
which were sold by PEP TG Investments LP. Callaway did not sell any
of its shares in the offering and did not receive any of the
proceeds from the sale of shares in the offering by PEP TG
Investments LP.
Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan
acted as joint book-running managers and MUFG acted as co-manager
of the offering.
The public offering was made pursuant to an automatic shelf
registration statement on Form S-3 that was filed by Callaway with
the U.S. Securities and Exchange Commission (the "SEC") and
automatically became effective upon filing. A final prospectus
supplement and accompanying prospectus relating to and describing
the terms of the offering have been filed with the SEC and are
available on the SEC's website at www.sec.gov. Copies of the final
prospectus supplement and accompanying prospectus may be obtained
by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York,
New York 10282, by phone at (866) 471–2526 or by email at
prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About Callaway Golf Company
Callaway Golf Company (NYSE: ELY) is an unrivaled tech-enabled
golf company delivering leading golf equipment, apparel and
entertainment, with a portfolio of global brands including Callaway
Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin.
Through an unwavering commitment to innovation, Callaway
manufactures and sells premium golf clubs, golf balls, golf and
lifestyle bags, golf and lifestyle apparel and other accessories,
and provides world-class golf entertainment experiences through
Topgolf, its wholly-owned subsidiary.
Investor Contacts
Brian
Lynch
Lauren Scott
(760) 931-1771
invrelations@callawaygolf.com
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SOURCE Callaway Golf Company