Dick’s Sporting Goods reported that 95.48 percent of stockholders of Foot Locker’s 4.0 percent senior notes due in 2029 chose to exchange their notes for up to $400 million aggregate principal amount of new 4.0 percent senior notes due 2029 issued by Dick’s. The exchange offer expired on September 9.
Following the exchange offer, Dick’s stated in a press release that it expects to issue $381.9 million aggregate principal amount of Dick’s notes and pay $1 million in cash in exchange for the validly tendered Foot Locker notes.
A day earlier, on September 8, Dick’s completed its $2.4 billion acquisition of Foot Locker.
Image courtesy Dick’s Sporting Goods
