Amer Sports, Inc. announced on December 4, 2024, the pricing of its upsized public offering of 40,800,000 ordinary shares at a price of $23.00 per share. This represents an increase from the initially announced 34,000,000 shares.
In connection with the offering, the underwriters have been granted a 30-day option to purchase up to an additional 6,120,000 ordinary shares. The closing of the offering is expected to occur on December 6, 2024, subject to customary closing conditions.
The net proceeds from this offering are designated for the repayment of a portion of Amer Sports' outstanding borrowings under its term loan facilities. This move is expected to significantly reduce the company's debt burden and improve its financial flexibility.
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