Form 424B5 Under Armour, Inc.
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S&P Assigns 'BBB-' Rating to Under Armour (UA); Outlook is Stable; Notes Smaller Scale vs. Nike, adidas
June 8, 2016 11:18 AM EDTS&P Global Ratings said that it had assigned its 'BBB-' corporate credit rating to Under Armour Inc. (NYSE: UA). At the same time, we assigned a 'BBB-' issue-level rating to the company's proposed senior unsecured notes due 2026.
We expect the company to use proceeds from the offering to repay a portion of its outstanding revolver borrowings.
"The ratings on Under Armour reflect its strong market share in the intensely competitive U.S. athletic footwear and apparel industry, history of robust sales and profit growth, and solid credit metrics," said S&P... More
Under Armour (UA) Files to Offer Unspecified Amount of 10-Year Senior Notes
June 8, 2016 8:55 AM EDTUnder Armour (NYSE: UA) files to offer an unspecified amount of senior notes due 2026. (LINK)
Joint Book-Running Managers: J.P. Morgan BofA Merrill Lynch Wells Fargo Securities
... More