Deal Details
Amer Sports Completes $938.4 Million Follow-On Offering
Summary
Amer Sports, Inc. (“Amer Sports” or the “Company”) (NYSE: AS) recently completed an upsized public offering (the “Offering”) of 40,800,000 ordinary shares at a price of $23.00 per share, generating gross proceeds of $938.4 million. Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 6,120,000 ordinary shares. Amer Sports intends to use the net proceeds from the offering to repay a portion of outstanding borrowings under the Company’s term loan facilities.
Baird served as a bookrunner on this Offering.
About
Amer Sports is a global portfolio of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Peak Performance, Atomic and Armada. Amer Sports’ brands are known for their detailed craftsmanship, unwavering authenticity and premium market positioning. As creators of exceptional apparel, footwear and equipment, Amer Sports prides themselves on cutting edge innovation, performance and designs that allow elite athletes and everyday consumers to perform their best. With over 11,400 employees globally, Amer Sports’ purpose is to elevate the world through sport. Their vision is to be the global leader in premium sports and outdoor brands. Amer Sports is headquartered in Helsinki, Finland.CONTACT US TO LEARN MORE
- Date
- December 2024
- Company
- Amer Sports, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Consumer
- Verticals
-
Performance & Lifestyle Apparel and Footwear
Active Lifestyles, Fitness & Mobility
Outdoor Recreation & Sporting Goods
- Target Geography
-
Europe
North America
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