Amer Sports to sell $600 million notes due 2031 on Thursday; initial talk low-to-mid 7% area

By Paul A. Harris

Portland, Ore., Feb. 6 – Amer Sports Co. began a roadshow for a $600 million offering of senior secured notes due 2031 (B1/BB) on Tuesday, according to market sources.

The deal, which was set to kick off on a Tuesday morning conference call with investors, is in the market with initial guidance in the low-to-mid 7% area, a trader said.

Pricing is set for Thursday.

The Rule 144A and Regulation S for life seven-year notes become callable after three years at par plus 50% of the coupon.

Goldman Sachs is the left bookrunner. JPMorgan, BofA, BNP Paribas and HSBC are the joint bookrunners.

The Helsinki, Finland-based sports equipment company plans to use the proceeds plus new senior secured credit facilities to pay off its outstanding credit facilities.

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