Amer Sports, Inc., parent of the Arc’teryx, Salomon and Wilson Sports, brands, among others, has priced its upsized public offering of 40.8 million ordinary shares at $23.00 per share. In connection with the offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 6,120,000 ordinary shares.
The offering is expected to close on December 6, 2024, subject to the satisfaction of customary closing conditions.
Amer Sports said it intends to use the net proceeds it receives from the proposed offering to repay a portion of its outstanding borrowings under its term loan facilities.
BofA Securities and J.P. Morgan are acting as joint lead book-running managers for the offering. Goldman Sachs, Morgan Stanley, Citigroup and UBS Investment Bank are acting as book-running managers for the offering. BNP Paribas, Evercore ISI, Wells Fargo Securities, Baird, TD Cowen, HSBC, CICC, CLSA and Deutsche Bank Securities are acting as bookrunners for the offering. Blaylock Van, LLC, Drexel Hamilton, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners are acting as co-managers for the offering.
Image courtesy Amer Sports, Inc.
