debt
confidence high
sentiment neutral
materiality 0.60
Academy Sports subsidiary prices $500M 5.875% senior secured notes due 2031
Academy Sports & Outdoors, Inc.
- Priced $500M 5.875% senior secured notes due 2031; closing expected May 14, 2026.
- Proceeds fund redemption of outstanding 2027 notes and repayment of term loan facility.
- Guaranteed by certain subsidiaries; secured by first-priority lien on personal property, second-priority on ABL collateral.
- Offered exempt from registration to QIBs (Rule 144A) and non-U.S. persons (Reg S).