DICK’S Sporting Goods $1 billion senior notes offering
We advised the underwriters on the offering
Davis Polk advised the representatives of the several underwriters on an SEC-registered offering by DICK’S Sporting Goods, Inc. of $400 million aggregate principal amount of its 6.200% senior notes due 2036 and $600 million aggregate principal amount of its 6.900% senior notes due 2056.
DICK’S is a leading global sports retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. Its banners include DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone! stores in addition to the experiential retail concepts DICK’S House of Sport and Golf Galaxy Performance Center. Additionally, as owner and operator of Foot Locker, which includes the Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners, DICK’S serves the global sneaker community across North America, Europe, Asia and Australia, plus has a licensed store presence in Europe, the Middle East and Asia. DICK’S also owns and operates GameChanger, a youth sports mobile platform for live streaming, scheduling, communications and scorekeeping.
The Davis Polk capital markets team included partner Derek Dostal, counsel Michael Stromquist and associate Sophia Matton. The tax team included partner Kara L. Mungovan and associate Alanna Phillips. All members of the Davis Polk team are based in the New York office.