debt
confidence high
sentiment neutral
materiality 0.50
DICK'S Sporting Goods prices $1B senior notes: $400M at 6.200% due 2036, $600M at 6.900% due 2056
DICK'S SPORTING GOODS, INC.
- $400M of 6.200% senior notes mature September 25, 2036; $600M of 6.900% senior notes mature September 25, 2056.
- Underwriting agreement dated September 22, 2026 with BofA Securities, PNC Capital Markets and Wells Fargo Securities as representatives of the underwriters.
- Notes issued under Third Supplemental Indenture dated September 25, 2026 with U.S. Bank Trust Company, National Association as trustee.
- Net proceeds intended for general corporate purposes, which may include financing operations, debt repayment, share repurchases and future business acquisitions.
- Notes are unsecured and unsubordinated, not guaranteed by subsidiaries, and structurally subordinated to subsidiary indebtedness.