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Academy Sports + Outdoors Announces Closing of Senior Secured Notes
The retailer used the proceeds to redeem 2027 notes, repay term loan balances and cover fees, officials said.
- On Thursday, May 14, 2026, Academy Sports and Outdoors, Inc. closed a private placement of $500 million in 5.875% Senior Secured Notes due 2031 under Rule 144A and Regulation S.
- Academy, Ltd., the Issuer, will use net proceeds to redeem all outstanding senior secured notes due 2027 and repay existing term loan facility amounts and related expenses.
- Originally established in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states, focusing on outdoor, apparel, and sporting goods.
- Aiming to provide "Fun for All," Academy employs a localized merchandising strategy and value proposition designed to connect strongly with a broad range of consumers.
- Forward-Looking statements in this release, as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934, remain subject to various risks and uncertainties; actual results may differ materially from expectations.
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Academy Sports + Outdoors Announces Closing of Senior Secured Notes
KATY, Texas, May 14, 2026 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO) today announced that its wholly-owned subsidiary, Academy, Ltd. (the "Issuer"), closed its private placement under Rule 144A and Regulation S under the Securities Act of…
·Flint, United States
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