Topgolf Callaway unveils debt repayment, share buyback program; shares surge
ReutersJan 5, 2026 3:24 PM
Shares of golf equipment maker Topgolf Callaway Brands MODG.N up 6.3%
Co announces $1 billion debt repayment and $200 million stock buyback program
Also completes sale of Topgolf unit to private equity firm Leonard Green & Partners, marking an end to partnership roughly five years after merger
Co in November 2024 agreed to sell a majority stake in the Topgolf unit, valuing the business at $1.1 billion
MODG stock rose 48.5% in 2025
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