Academy Sports + Outdoors Inc. announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy Sports + Outdoors.
The sale intentions were made pursuant to a registration statement filed by Academy with the U.S. Securities and Exchange Commission. The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of Academy’s common stock. No shares are being sold by Academy. The selling stockholders will receive all of the proceeds from this offering.
Credit Suisse, J.P. Morgan, KKR Capital Markets, and BofA Securities are acting as joint bookrunning managers for the proposed offering.
The offering represents the first stock sales by the company since going public in October 2020.
Photo courtesy Academy Sports + Outdoors
