Callaway draws down on ABL facilities to fund Ogio acquisition

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – Callaway Golf Co. drew down on its existing asset-backed credit facilities to fund its $75.5 million acquisition of Ogio International, Inc., according to a press release.

The company also used cash on hand for its purchase of the designer of bags, accessories and apparel for the golf, lifestyle, motorsports and endurance sports.

Callaway is a Carlsbad, Calif.-based manufacturer and seller of golf clubs, golf balls and golf accessories.

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