DICK'S SPORTING GOODS, INC. (DKS): debt financing — DICK'S launches $400M exchange offer for Foot Locker notes, consent solicitation for acquisition

DICK'S SPORTING GOODS, INC.

Exchange offer for any/all $400M outstanding Foot Locker 4.000% Senior Notes due 2029 for new DICK'S notes plus consent payment.
Considers $2.50-$5.00 per $1,000 consent payment, $970 exchange consideration, $30 early participation premium per $1,000.
Conditions: majority tender and closing of acquisition of Foot Locker by DICK'S; expires Aug 1, 2025; settlement after deal closes.
DICK'S also entered new $2.0B unsecured revolving credit facility maturing June 6, 2030, replacing prior facility.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DICK'S SPORTING GOODS, INC. incurred revolving credit of $2.0 billion unsecured revolving credit facility with Wells Fargo Bank, National Association, as administrative agent, and certain other financial institutions at alternate base rate or an adjusted secured overnight financing rate plus, in eac maturing June 6, 2030.

Instrument: revolving credit
Principal: $2.0 billion unsecured revolving credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, and certain other financial institutions
Rate: alternate base rate or an adjusted secured overnight financing rate plus, in eac
Maturity: June 6, 2030
Event: incurrence

Exact text from the filing

On June 6, 2025, DICK’S Sporting Goods, Inc. (the “Company”) entered into a new revolving credit agreement (the “Credit Agreement”), with Wells Fargo Bank, National Association, as administrative agent, and certain other financial institutions party thereto, providing for a new $2.0 billion unsecured revolving credit facility (the “Revolving Credit Facility”), of which up to $75 million is available for letters of credit.

View on SEC.gov

Browse all debt financings →

DICK'S SPORTING GOODS, INC. filing history →

Source: SEC EDGAR

accession 0001140361-25-021812

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.