Under Armour Inc. has announced the pricing of a $400 million private offering of 7.250% Senior Notes due in 2030. Scheduled to close on June 23, 2025, these senior unsecured obligations will be guaranteed by Under Armour's subsidiaries. The company intends to utilize the proceeds, along with other financial resources, to fully redeem or retire its outstanding $600 million 3.25% Senior Notes due in 2026. This strategic financial move aims to manage existing debt obligations effectively, with plans to settle the 2026 Notes within 60 days of the offering's closure.
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