Academy Sports + Outdoors Inc. announced that its wholly-owned subsidiary, Academy, Ltd., intends to offer $400 million aggregate principal amount of senior secured notes due 2027 in a private offering.
The notes will be guaranteed on a senior secured basis by certain of Academy’s subsidiaries.
Academy Sports intends to use the net proceeds from the notes to repay a portion of the $1.434 billion outstanding under its term loan facility and pay related fees and expenses.
Photo courtesy Academy Sports + Outdoors
