April 15, 2020
DICK'S Sporting Goods, Inc., a leading omni-channel sporting goods retailer, has announced the pricing of its offering of US$500 million aggregate principal amount of 3.25% convertible senior notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. DICK'S also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional US$75 million aggregate principal amount of notes in the private placement. The issuance and sale of the notes is scheduled to settle on or about April 17, 2020, subject to customary closing conditions.
Latham & Watkins LLP represented the initial purchasers in the offering with a corporate deal team led by New York partners Michael Benjamin and Greg Rodgers, with New York partner Catherine Lee, Los Angeles counsel Arash Aminian Baghai, and New York associates Katie Lovejoy, Claire Solimine, Laura Harper, Ryan Gold, Christopher Yu, and Ariel Robbins-Rothman. Advice was also provided on tax matters by New York partner Elena Romanova, with Michael Yu.