Under Armour Intends To Offer $400M Aggregate Principal Amount Of Senior Notes Due 2030 In Private Offering
Benzinga · 06/16 11:47
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Under Armour, Inc. (NYSE:UA, UAA))) today announced that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of its Senior Notes due 2030 (the "Notes"), in a private offering (the "Proposed Offering") exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").
Under Armour intends to use the net proceeds from the Proposed Offering together with borrowings under its amended revolving credit agreement, cash on hand or a combination thereof to redeem, repurchase, repay or otherwise retire all $600 million in aggregate principal amount of its outstanding 3.25% Senior Notes due 2026 (the "2026 Notes") at or prior to maturity.
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