secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001193125-25-141111
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour launches $400M notes offering to refinance $600M 2026 notes
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- $400M Senior Notes due 2030 offered in private placement; interest rate TBD.
- Proceeds plus credit facility borrowings or cash to retire all $600M of 3.25% Notes due 2026.
- Credit Agreement Amendment No. 7 extends maturity from Dec 2028 to June 2030.
- Revolving commitment remains $1.1B; applicable margin 1.00%-1.75% (base rate 0.00%-0.75%).
- Covenants unchanged: interest coverage >=3.5x, leverage <=3.25x (step-up to 3.75x after large acquisition).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000119312525141111/0001193125-25-141111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000119312525141111/d947617d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-141111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer