Academy Sports & Outdoors, Inc. (ASO): debt financing — Academy Sports issues $500M 5.875% Senior Secured Notes due 2031

Academy Sports & Outdoors, Inc.

$500M aggregate principal, 5.875% Senior Secured Notes due 2031 issued by Academy, Ltd.
Proceeds used to redeem all outstanding 2027 notes, repay $400M term loan, pay fees, and for general corporate purposes.
ABL credit facility amended: maturity extended to 2031; pricing grid modified.
Upon term loan repayment, all security interests and liens under term loan terminated.

item 1.01 item 1.02 item 2.03 item 7.01 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

Academy Sports & Outdoors, Inc. incurred senior notes of $500 million aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 5.875% maturing May 15, 2031.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 5.875%
Maturity: May 15, 2031
Event: incurrence

Exact text from the filing

On May 14, 2026, Academy, Ltd. (the “Issuer”), a wholly-owned subsidiary of Academy Sports and Outdoors, Inc. (the “Company”), issued $500 million aggregate principal amount of its 5.875% Senior Secured Notes due 2031 (the “Notes”) in a private placement

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

Academy Sports & Outdoors, Inc. amended revolving credit with JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent maturing May 14, 2031.

Instrument: revolving credit
Counterparty: JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent
Maturity: May 14, 2031
Event: amendment

Exact text from the filing

the Issuer, as borrower, New Academy Holding Company, LLC, Associated Investors, L.L.C., Academy Managing Co., L.L.C., and Academy Procurement Co., LLC, each a direct or indirect, wholly-owned subsidiary of the Company, as guarantors, entered into an amendment (the “ABL Amendment”) to the First Amended and Restated ABL Credit Agreement, dated as of July 2, 2015 (as amended, the “ABL Credit Agreement”), with JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent (in such capacities, the “ABL Agent”), letter of credit issuer and swingline lender, and the several lenders party thereto, which ABL Amendment, among other things (i) extended the maturity of the Issuer’s asset-based revolving credit facility (the “ABL Credit Facility”) to May 14, 2031, (ii) modified the Average Excess Availability (as defined in the ABL Credit Agreement) pricing grid used in determining the interest rate margin on borrowings under the ABL Credit Facility

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Academy Sports & Outdoors, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2026-05-14).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500 million
Effective: 2026-05-14

Exact text from the filing

issued $500 million aggregate principal amount of its 5.875% Senior Secured Notes due 2031 (the "Notes") in a private placement

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Academy Sports & Outdoors, Inc. entered into ABL Amendment with JPMorgan Chase Bank, N.A. (effective 2026-05-14).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Effective: 2026-05-14

Exact text from the filing

entered into an amendment (the "ABL Amendment") to the First Amended and Restated ABL Credit Agreement, dated as of July 2, 2015

View on SEC.gov

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Academy Sports & Outdoors, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-26-021318

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