DICK'S Sporting Goods, Inc. has entered into an underwriting agreement to issue and sell $1 billion in aggregate principal amount of senior notes. The offering is divided into two tranches with varying interest rates and maturity dates.
Key Details
- Offering Breakdown: The offering consists of $400 million of 6.200% senior notes due 2036 and $600 million of 6.900% senior notes due 2056.
- Terms & Timeline: The underwriting agreement was executed on September 22, 2026. The 2036 notes will mature on September 25, 2036, and the 2056 notes will mature on September 25, 2056. The notes are unsecured and unsubordinated obligations of the company.
- Use of Proceeds: The company intends to use the net proceeds for general corporate purposes, which may include financing operations, repayment of existing debt, share repurchases, and potential future business acquisitions.