DICK'S Sporting Goods Announces Extension of Expiration Date in Connection with Previously Announced Exchange Offer and Consent Solicitation for Foot Locker's Senior Notes Due 2029
Prnewswire·2025-08-04 12:00

Core Points - DICK'S Sporting Goods has announced an extension of the Expiration Date for the Exchange Offer related to Foot Locker's 4.000% Senior Notes due 2029, now set for August 29, 2025 [1][2] - The Exchange Offer allows eligible holders to exchange Foot Locker Notes for up to $400,000,000 of new DICK'S Notes and potentially cash [1][2] - As of August 1, 2025, approximately $379,435,000 of Foot Locker Notes have been validly tendered, representing 94.86% of the total outstanding amount [4] Exchange Offer Details - The Exchange Offer and Consent Solicitation are governed by the terms outlined in the Offering Memorandum and Consent Solicitation Statement dated June 6, 2025 [3] - The deadline for withdrawing tendered Foot Locker Notes has also been extended to August 29, 2025 [2] - DICK'S may modify or terminate the Exchange Offer and extend related deadlines at its discretion [5] Eligibility and Documentation - Documents related to the Exchange Offer will only be distributed to eligible holders who meet specific criteria [6] - Interested parties can obtain the complete terms and conditions of the Exchange Offer through Global Bondholder Services Corporation [7]