NYSE:ASLuxury
Does Amer Sports’ (AS) Debt Buyback With New Equity Mark a Turning Point in Its Risk Profile?
Amer Sports, Inc. recently completed a US$750.00 million follow-on equity offering of 20,604,396 ordinary shares at US$36.40 each, with several major banks including Goldman Sachs, Morgan Stanley, UBS, Citigroup, BNP Paribas, and Evercore added as co-lead underwriters.
The company plans to use the proceeds to redeem US$720.00 million of senior secured notes due 2031, which reshapes its capital structure after a year of sharply higher sales and earnings and fresh 2026 revenue and EPS...