Business
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
DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the extension of the Expiration Date (as defined below) in connection with the previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% Senior Notes due 2029 issued
About this update from Dick's Sporting Goods Inc
[{"type":"text","content":"PITTSBURGH, Aug. 26, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the extension of the Expiration Date (as defined below) in connection with the previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% Senior Notes due 2029 issued by DICK'S (the "DICK'S Notes") and (2) in certain instances, cash, and the related consent solicitation by Foot Locker (the "Consent Solicitation") to adopt certain proposed amendments (the "Proposed Amendments") to the indenture governing the Foot Locker Notes (the "Foot Locker Indenture"). ","length":936,"tagName":"p"},{"type":"image","alt":"DICK'S Sporting Goods Logo. (PRNewsfoto/DICK'S Sporting Goods, Inc.)","displaySize":"","headline":null,"caption":"DICK'S Sporting Goods Logo. (PRNewsfoto/DICK'S Sporting Goods, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":164,"url":"https://media.zenfs.com/en/prnewswire.com/c88b9dd57279f4257b995cded011e3ab"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Bxg83lVZwMBfge7Wq3BDnw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c88b9dd57279f4257b995cded011e3ab","width":400,"height":164}},"href":"https://mma.prnewswire.com/media/479785/DICKS_Sporting_Goods_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The deadline for eligible holders to tender Foot Locker Notes in order to be eligible to receive $1,000 in principal amount of DICK'S Notes per $1,000 principal amount of Foot Locker Notes validly tendered and not validly withdrawn, which was previously scheduled for 5:00 p.m., New York City time, on August 29, 2025, is being extended to 5:00 p.m., New York City time, on September 9, 2025 (such date and time, the "Expiration Date"), unless terminated or further extended until certain conditions are satisfied or waived, including the consummation of the previously announced merger of a subsidiary of DICK'S with and into...