Dick's Sporting Goods Inc.
DICK'S Sporting Goods Announces Progress in Foot Locker Acquisition
Summary
DICK'S Sporting Goods, Inc. announced on June 23, 2025, that it has received tenders for 92.35% of Foot Locker, Inc.'s 4.000% Senior Notes due 2029 in its ongoing Exchange Offer and Consent Solicitation. The offer, which expired on June 20, 2025, provided eligible holders with the option to exchange their Foot Locker Notes for DICK'S new Senior Notes and cash. As part of the acquisition, DICK'S also announced the receipt of requisite consents to adopt amendments to the indenture governing the Foot Locker Notes, which will become effective upon the consummation of the acquisition. The acquisition is expected to close following regulatory approvals and other conditions.
Profitelligence Alerts
Get alerts for DKS
Be first to know when Dick's Sporting Goods Inc. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Dick's Sporting Goods Inc.
Dick's Sporting Goods Inc. is a major American sporting goods retailer, operating a vast network of stores across the United States. The company primarily focuses on providing a wide array of sporting equipment, apparel, and footwear, catering to athletes, fitness enthusiasts, and outdoor adventurers. With an extensive range of products spanning team sports, golf, running, and camping, Dick's Sporting Goods aims to support the active lifestyle and diverse interests of its customer base. Furthermore, the company operates specialty stores under the brand names Golf Galaxy and Field & Stream, which offer focused selections in golf and outdoor sports respectively. Founded in 1948 and headquartered in Coraopolis, Pennsylvania, Dick's has grown to be a significant player in the retail sector, influencing trends and consumer preferences within the sports and recreation industries. It continues to expand its market presence through strategic store locations, robust e-commerce platform, and exclusive brand partnerships, contributing to the dynamic landscape of sports retailing.
Official SEC Documents
Advertisement