Core Viewpoint - Under Armour, Inc. has announced a private offering of $400 million in Senior Notes with a 7.250% interest rate due in 2030, expected to close on June 23, 2025 [1][2] Group 1: Offering Details - The Senior Notes will be senior, unsecured obligations of Under Armour, with interest paid semiannually [2] - The offering is exempt from registration under the Securities Act of 1933 [1][4] Group 2: Use of Proceeds - Under Armour plans to use the net proceeds from the offering, along with other funds, to redeem or retire $600 million of its outstanding 3.25% Senior Notes due in 2026 within 60 days of the offering's closing [3][6] Group 3: Company Overview - Under Armour, Inc. is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories, aimed at enhancing human performance [8]
UNDER ARMOUR PRICES PRIVATE OFFERING OF $400 MILLION IN SENIOR NOTES DUE 2030