Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Topgolf Callaway Brands (MODG) has provided an announcement.
Topgolf Callaway Brands Corp. has successfully amended its credit agreement, resulting in a reduced interest rate for its $1.25 billion senior secured term loan and eliminating a previous credit spread adjustment. This strategic financial move, which includes a revised prepayment premium structure, aims to enhance the company’s borrowing costs. The amendment offers a choice between a SOFR-based rate and a base rate, both with a newly adjusted margin, contingent on the company’s credit ratings by S&P and Moody’s. This development reflects the company’s proactive approach to managing its debt and optimizing its financial strategy.
See more data about MODG stock on TipRanks’ Stock Analysis page.