Amer Sports, Inc. announced on December 2, 2024, the launch of a public offering of 34,000,000 ordinary shares. The company has also granted the underwriters a 30-day option to purchase up to an additional 5,100,000 ordinary shares.
The net proceeds that Amer Sports expects to receive from this proposed offering are intended to be used to repay a portion of its outstanding borrowings under its term loan facilities.
This financing initiative aims to strengthen the company's balance sheet by reducing its debt obligations. The offering is subject to market conditions and the effectiveness of a registration statement filed with the U.S. Securities and Exchange Commission.
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