Business
Academy Sports + Outdoors Announces Closing of Senior Secured Notes
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 1933, as amended, of $500 million in aggregate principal amount of 5.875% Senior Secured Notes due 2031 (the "Notes").
About this update from Academy Sports And Outdoors, Inc.
[{"type":"text","content":"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 1933, as amended, of $500 million in aggregate principal amount of 5.875% Senior Secured Notes due 2031 (the "Notes").","length":420,"tagName":"p"},{"type":"image","alt":"Academy Sports + Outdoors (PRNewsfoto/Academy Sports + Outdoors)","displaySize":"","headline":null,"caption":"Academy Sports + Outdoors (PRNewsfoto/Academy Sports + Outdoors)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":170,"url":"https://media.zenfs.com/en/prnewswire.com/2c23e246fbbd0ea8bd0540d306ce1eba"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MaE9wqdPHAqZ8bOUYC_SJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMwMA--/https://media.zenfs.com/en/prnewswire.com/2c23e246fbbd0ea8bd0540d306ce1eba","width":400,"height":170},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/B4nKJ_76bVRxwEH0Dm5KjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTI3Mg--/https://media.zenfs.com/en/prnewswire.com/2c23e246fbbd0ea8bd0540d306ce1eba","width":400,"height":170}},"href":"https://mma.prnewswire.com/media/1908057/AcademySportsOutdoors_FirstStore_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As previously announced, the Issuer used the net proceeds from the Notes to fund the redemption of all of its outstanding senior secured notes due 2027, repay all outstanding amounts owing under its term loan facility, pay related fees and expenses, and for general corporate purposes.","length":285,"tagName":"p"},{"type":"text","content":"About Academy Sports + OutdoorsAcademy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both lead...