Amer Sports Advances with $1.1 Billion Stock Offering

Deal News | Dec 04, 2024 | Loop Capital Markets LLC

Amer Sports Advances with $1.1 Billion Stock Offering

Amer Sports, Inc. engaged Loop Capital Markets LLC, along with other financial entities, to co-manage a $1.1 billion follow-on stock offering on December 4, 2024. The initiative is set to fortify the company's financial standing, with proceeds allocated to general corporate purposes and the repayment of existing debt. This financial maneuver positions Amer Sports to strengthen its capital structure and pursue its corporate objectives with reinforced capital.

Sectors

  • Financial Services
  • Sporting Goods

Geography

  • United States – The activity involves Loop Capital Markets, an American financial services firm, indicating significant relevance to the USA's financial market activities.

Industry

  • Financial Services – The industry includes firms providing financial products and services, like investment management, stock offerings, and corporate finance advisory, exemplified by Loop Capital Markets' role in the stock offering.
  • Sporting Goods – Referring to businesses involved in the manufacturing and retailing of sports equipment, which is relevant since Amer Sports, Inc. operates within this industry.

Financials

  • $1.1 billion – The total capital raised through Amer Sports' follow-on stock offering, including the green shoe option.

Participants

NameRoleTypeDescription
Amer Sports, Inc.Target CompanyCompanyA leading brand in the sporting goods industry, responsible for the $1.1 billion follow-on stock offering.
Loop Capital Markets LLCCo-ManagerCompanyAn American investment services firm involved as a co-manager in Amer Sports' follow-on stock offering.