Academy Sports + Outdoors Inc. announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., of 14 million shares of common stock.
The sale was made pursuant to a registration statement filed by Academy with the U.S. Securities and Exchange Commission at the public offering price of $32.00 share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.1 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 LLC and BofA Securities are acting as joint bookrunning managers for the proposed offering. Evercore ISI, Guggenheim Securities, UBS Investment Bank and Wells Fargo Securities are acting as book runners. Stephens Inc., Loop Capital Markets, CastleOak Securities, L.P., Blaylock Van, LLC, Cabrera Capital Markets LLC, Ramirez & Co., Inc. and Telsey Advisory Group are acting as co-managers.
Photo courtesy Academy Sports + Outdoors