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Callaway Golf to redeem convertible preferred stock
29
Oct '13
Callaway Golf Company announced that the Company intends to redeem all outstanding shares of its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock"), pursuant to the terms of the Amended and Restated Certificate of Designations governing the Preferred Stock. The anticipated redemption date is November 13, 2013.

"Retiring our preferred stock has been a priority for us and at this point only 183,796 shares remain outstanding," commented Brad Holiday, Senior Executive Vice President and Chief Financial Officer.  "Fortunately, our turnaround is proceeding well and we are now in a good position to retire the balance."

About Callaway Golf

Through an unwavering commitment to innovation, Callaway Golf Company creates products designed to make every golfer a better golfer.  Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories under the Callaway Golf and Odyssey brands worldwide. 

Callaway Golf

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