other_material
confidence high
sentiment neutral
materiality 0.30
Foot Locker enters supplemental indenture to amend notes in DICK'S merger process
FOOT LOCKER, INC.
- First Supplemental Indenture signed June 20, 2025 to amend 4.000% Senior Notes due 2029.
- Amendments eliminate substantially all restrictive covenants and certain events of default.
- Amendments become operative only upon consummation of merger or Exchange Offer settlement.
- DICK'S exchange offer covers up to $400M principal of new notes for existing Foot Locker notes.
- Consents required to adopt amendments were received from eligible noteholders.
item 1.01item 9.01