DICK'S Sporting Goods, Inc. Announces Closing of $1.5 Billion of Senior Unsecured Notes Due 2052
January 18, 2022 at 08:00 am
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DICK'S Sporting Goods, Inc. announced the closing on January 14, 2022, of its previously announced offering of $750 million of 3.15% senior notes due 2032 and $750 million of 4.1% senior notes due 2052. The Company expects to use the net proceeds from the sale of the notes for general corporate purposes, which may in the future include repurchases of its existing 3.25% convertible senior notes due 2025, which were issued in April 2020, or common stock. In addition, on January 14, 2022, the Company entered into a new credit agreement, providing for a $1.6 billion unsecured revolving credit facility.
In connection with this, the Company terminated all commitments and repaid all obligations under its $1.855 billion secured revolving credit facility.
DICK'S Sporting Goods, Inc. is a full-line omni-channel sporting goods retailer. The Company serves athletes and outdoor enthusiasts in more than 850 DICKâS Sporting Goods, Golf Galaxy, Public Lands, Moosejaw, Going Going Gone! and Warehouse Sale stores, online, and through the DICKâS mobile app. The Company also owns and operates DICK'S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming. It carries a wide variety of national brands, including but not limited to adidas, Asics, Brooks, Callaway Golf, Carhartt, Columbia, Easton, Hoka, Jordan, New Balance and Nike. The Company's vertical brands include brands that it owns across hardlines and softlines and are available exclusively in its stores and online such as Alpine Design, CALIA, DSG, ETHOS, Fitness Gear, MAXFLI, Nishiki, Quest, Top-Flite, and Walter Hagen, as well as brands that it licenses from third parties.
DICK'S SPORTING GOODS, INC. 
