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Under Armour in the market with offering of 10-year notes
By Lisa Kerner
Charlotte, N.C., June 8 – Under Armour, Inc. is in the market with an offering of 10-year notes, according to a 424B5 filed with the Securities and Exchange Commission.
Bookrunners are J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities LLC.
Proceeds will be used to repay debt under the company’s revolving credit facility.
The notes have a change-of-control put at 101%.
Under Armour is a Baltimore-based developer, marketer and distributor of brand performance apparel, footwear and accessories.
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