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Academy Sports + Outdoors Announces Pricing of Senior Secured Notes
The private placement will refinance 2027 debt and repay term loan borrowings as the company targets a closing on May 14, 2026.
- On Monday, Academy Sports and Outdoors, Inc. announced its subsidiary, Academy, Ltd., priced $500 million in senior secured notes due 2031, carrying a 5.875% interest rate.
- Originally founded in 1938 as a Texas family business, Academy has grown to more than 300 stores across 21 states while pursuing its mission to provide "Fun for All."
- The Issuer intends to use net proceeds to fund the "Redemption" of outstanding 2027 notes, repay term loan amounts, and secure the debt with a first-priority lien on personal property.
- Subject to customary closing conditions, the offering is expected to close on May 14, 2026, following procedures exempt from registration requirements under the Securities Act of 1933.
- Academy maintains a localized merchandising strategy to connect with a broad consumer base, focusing its product assortment on outdoor recreation, apparel, sports, and footwear categories.
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Mason City Globe Gazette+18 Reposted by 18 other sources
Academy Sports + Outdoors Announces Pricing of Senior Secured Notes
KATY, Texas, May 4, 2026 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO) today announced that its wholly-owned subsidiary, Academy, Ltd. (the "Issuer"), priced a private offering that is exempt from the registration requirements of the Securities Act…
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