debt
confidence high
sentiment neutral
materiality 0.50
Academy Sports launches $500M senior secured notes offering to refinance 2027 notes and term loan
Academy Sports & Outdoors, Inc.
- Issuer Academy, Ltd. offers $500M senior secured notes due 2031 in private placement.
- Net proceeds to redeem all outstanding 2027 senior secured notes and repay term loan.
- Conditional redemption notice for 2027 notes issued; redemption date set for May 14, 2026.
- Redemption conditional on completion of at least $500M note offering; condition may be waived.
- Notes and guarantees secured by first-priority lien on personal property and second-priority on ABL collateral.