Amer Sports closes €1.24 billion seven-year intercompany facilities

By Sarah Lizee

Olympia, Wash., April 2 – Amer Sports Corp. entered into a €1,236,000,000 seven-year intercompany facilities agreement that includes a €921 million term facility and a €315 million revolving facility, according to a press release.

Mascot Bidco Oy, a holding company of Amer Sports, is the borrower.

As previously reported, Amer is being acquired by a consortium of investors, led by Chinese sportswear company ANTA Sports Products Ltd.

The term loan will be used to refinance existing debt, and the revolver will be used for general corporate purposes.

Amer Sports is a Helsinki, Finland-based sporting goods company.

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