Amer Sports, Inc., the global group of sports and outdoor brands, which includes Arc’teryx, Salomon and Wilson Sports, has launched a public offering of 34 million ordinary shares. In connection with the offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 5.1 million ordinary shares.
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 book-running managers for the proposed offering. Goldman Sachs, Morgan Stanley, Citigroup and UBS Investment Bank are the bookrunners.
Image courtesy Arc’teryx
