Under Armour to repay revolver borrowings via new senior note offering

By Tali Rackner

Norfolk, Va., June 8 – Under Armour, Inc. plans to repay borrowings outstanding under its revolving credit facility with the proceeds from an offering of senior notes due 2026, according to a 424B5 filing with the Securities and Exchange Commission.

Borrowings under the revolver, which matures on Jan. 22, 2021, currently bear interest at Libor plus 112.5 basis points.

Under Armour is a Baltimore-based developer, marketer and distributor of brand performance apparel, footwear and accessories.

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