Callaway Golf Company announces the completion of the public offering of common stock through the sale of the shareholder and the full exercise of the underwriters’ option to purchase additional shares

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Callaway Golf Company Announces Record Financial Results For Second Quarter And First Half 2021

CARLSBAD, CALIFORNIA., September 20, 2021 / PRNewswire / – Callaway Golf Company (the “Company” or “Callaway”) (NYSE: ELY) today announced the completion of its previously announced public takeover offer of 4,600,000 common shares, which includes the full exercise by the underwriters of their option on Purchase of up to 600,000 additional common shares at a public offering price of $ 29.25 per share, before the deduction of technical discounts and commissions, all sold by PEP TG Investments LP. Callaway did not sell any of its shares in the Offer and did not receive any proceeds from the sale of shares in the Offer by PEP TG Investments LP.

Goldman Sachs & Co. LLC, BofA Securities and JP Morgan acted as joint book-running managers and MUFG acted as co-managers of the offering.

The public offering was made pursuant to an automated Shelf Registration Statement on Form S-3 filed by Callaway with the US Securities and Exchange Commission (the “SEC”) and became effective upon filing. A final supplement and an accompanying prospectus relating to the offering and its terms have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the final supplement and the accompanying prospectus are available from: 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 [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor is there a sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is made registration or qualification under the securities laws of such state or other jurisdiction.

About Callaway Golf Company

Callaway Golf Company (NYSE: ELY) is an unrivaled technology-driven golf company providing leading golf equipment, apparel and entertainment with a portfolio of global brands including Callaway Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. With 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 its wholly-owned subsidiary Topgolf.

Investor contacts
Brian Lynch
Lauren Scott
(760) 931-1771
[email protected]

SOURCE Callaway Golf Company

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www.callawaygolf.com

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