Under Armour, Inc. has entered into a Seventh Amendment to its existing Credit Agreement, which now includes a $1.1 billion revolving credit facility. This amendment provides the company with significant liquidity and financial flexibility.
The revolving credit facility is a crucial component of Under Armour's capital structure, enabling it to manage working capital, fund ongoing operations, and support strategic investments. This financial arrangement ensures the company has access to necessary funds as it continues its brand transformation.
The amended credit agreement underscores the company's ability to maintain strong banking relationships and secure financing on favorable terms. This stability in its credit facilities is important for investor confidence during a period of strategic reset.
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