Dick's Sporting Goods exchanges $120.6M of convertible notes, cuts annual interest by $3.9M

DICK'S SPORTING GOODS, INC.

Exchanged $120,558,000 principal (43.84% of outstanding 2025 Convertible Notes) for cash and common stock.
Annual interest expense reduced by $3,918,135; about $154M of notes remain outstanding.
Partially unwound call option and warrant transactions; net share settlement expected.
Shares in exchange unregistered under Section 4(a)(2); HudsonWest acted as advisor.

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