Callaway Golf amended its credit facility to include a senior secured asset-based revolving credit facility of up to $330 million.
According to a related 8-K filing, Bank of America served as administrative agent and collateral agent, and Merrill Lynch was sole lead arranger and sole bookrunner.
The ABL facility is comprised of a $260 million U.S. facility (of which $20 million is available for letters of credit), a $25 million Canadian facility (of which $5 million is available for letters of credit) and a $45 million U.K. facility (of which $2 million is available for letters of credit).
MUFG Union Bank was syndication agent while SunTrust Bank served as documentation agent. Bank of America was sole lead arranger and sole bookrunner. Bank of America, Bank of America London branch, Bank of America Canada branch, SunTrust Bank, MUFG Union Bank, JPMorgan Chase Bank, JPMorgan Chase Bank London branch and JPMorgan Chase Bank Toronto branch were lenders.