---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-021318"
form_type: "8-K"
ticker: "ASO"
cik: "0001817358"
company_name: "Academy Sports & Outdoors, Inc."
filed_at: "2026-05-14T20:21:41+00:00"
generated_at: "2026-05-14T20:25:55.626752+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Academy Sports issues $500M 5.875% Senior Secured Notes due 2031

## Summary
- $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.

## SEC filing metadata
- accession: 0001140361-26-021318
- form_type: 8-K
- ticker: ASO
- cik: 0001817358
- company_name: Academy Sports & Outdoors, Inc.
- filed_at: 2026-05-14T20:21:41+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817358/000114036126021318/0001140361-26-021318-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817358/000114036126021318/ef20073235_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-021318
- JSON: https://secwatch.observer/filing/0001140361-26-021318.json
- Plain text: https://secwatch.observer/filing/0001140361-26-021318.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817358/000114036126021318/0001140361-26-021318-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817358/000114036126021318/0001140361-26-021318-index.htm
- Material Agreements
  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
  source text: issued $500 million aggregate principal amount of its 5.875% Senior Secured Notes due 2031 (the "Notes") in a private placement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817358/000114036126021318/0001140361-26-021318-index.htm
- Material Agreements
  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
  source text: entered into an amendment (the "ABL Amendment") to the First Amended and Restated ABL Credit Agreement, dated as of July 2, 2015
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817358/000114036126021318/0001140361-26-021318-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.