Latham Advises on Academy Sports + Outdoors’ US$500 Million Senior Notes Offering

Academy Sports + Outdoors, Inc. (Academy) (Nasdaq: ASO), a leading full‑line sporting goods and outdoor recreation retailer in the United States, has announced that its wholly owned subsidiary, Academy, Ltd., priced a private offering that is exempt from the registration requirements of the Securities Act of 1933 of US$500 million aggregate principal amount of 5.875% senior secured notes due 2031. The offering is expected to close on May 14, 2026, subject to customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by partners Keith Halverstam, Marc Jaffe, and John Slater, with associates Shawn Quinn and Madison Venezia and assistance from Catherine Fraser. Advice was also provided on benefits matters by partners Bradd Williamson and Max Raskin, with associate Hayden Rutledge; on intellectual property matters by counsel Carrie Girgenti, with associate Ece Gonulal; on tax matters by partner Eric Kamerman; and on banking matters by counsel Joshua Chao, with associate Helen Liu.