debt
confidence high
sentiment neutral
materiality 0.60
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.
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