Academy Sports + Outdoors Announces Pricing of Senior Secured Notes
Academy Sports and Outdoors priced a private offering of $500 million aggregate principal amount of 5.875% senior secured notes due 2031. The company intends to use the net proceeds to redeem all outstanding senior secured notes due 2027, repay its term loan facility, and pay related fees and expenses.
Key figures
- Deal Value Usd
- 500000000
- Coupon rate
- 5.875%
- Maturity year
- 2031
- Offering type
- senior secured notes
- Redemption target
- senior secured notes due 2027
AI analysis
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