Amer Sports, Inc. Unveils Plans for Upcoming Offering of Senior Secured Notes

Amer Sports, Inc. (“Amer Sports” or the “Company”), a prominent global conglomerate featuring renowned sports and outdoor brands, declared today that its wholly-owned subsidiary, Amer Sports Company (the “Issuer”), has initiated a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offering involves $600 million aggregate principal amount of new senior secured notes due in 2031 (the “Notes”).

Simultaneously, the Company, the Issuer, and select subsidiaries are pursuing entry into a new credit agreement (the “Credit Agreement”). As part of this, they plan to incur a new $600 million USD term loan facility, a new €600 million EURO term loan facility, and a new revolving credit facility, initially amounting to $710 million under the Credit Agreement. The Company will uphold an existing $90 million bilateral credit facility, which is anticipated to be eventually consolidated into a unified revolving credit facility under the Credit Agreement. This collective financial initiative is termed the “New Senior Secured Credit Facilities.”

The anticipated net proceeds from the Notes, coupled with those from the New Senior Secured Credit Facilities, are intended to retire all outstanding debts under the Company’s existing credit facilities, which will subsequently be terminated. Any surplus net proceeds will be allocated for general corporate purposes.

The Notes will be jointly and severally guaranteed on a senior secured basis by the Company and eligible subsidiaries (excluding the Issuer) involved in the New Senior Secured Credit Facilities. Both the Notes and the related guarantees will hold first-priority liens on identical assets securing the New Senior Secured Credit Facilities.

Completion of these transactions is contingent upon market and other conditions, and there is no guarantee that the Company will successfully finalize them on the specified terms or at all.

It is important to note that the Notes are not registered under the Securities Act or any state securities law and may not be offered or sold in the United States without registration or an applicable exemption from such registration under the Securities Act and applicable state securities laws. The offering in the United States is exclusively for persons reasonably believed to be qualified institutional buyers under Rule 144A and outside the United States to non-U.S. persons under Regulation S.

This press release, issued pursuant to Rule 135c under the Securities Act, does not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. Moreover, it does not permit the sale of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction. Any offers involving the Notes will be conducted solely through a private offering memorandum.

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