Amer Sports $1.2 billion credit facilities and €700 million credit facility
We advised the borrowers on the financing transactions
Davis Polk advised Amer Sports, Inc. in connection with a $710 million senior secured revolving credit facility, a $500 million senior secured term loan facility and a €700 million senior secured term loan facility. The borrowers under the credit facilities consist of certain subsidiaries of Amer Sports. The proceeds from the term loan credit facilities, along with the proceeds from new senior secured notes and cash on hand, are being used to repay existing debt.
Amer Sports is a global group of iconic sports and outdoor brands, including Arc’teryx, Salomon, Wilson, Peak Performance and Atomic. Amer Sports aims to inspire people to explore and experience the joy of sports and outdoor activities, and lead better, healthier lives.
The Davis Polk finance team included partners Scott M. Herrig and Nick Benham and associates Esam Ibrahim, Joshua Bunn and Anmol Sheth. Partners Michael Kaplan and Roshni Banker Cariello and associate Meaghan Kennedy provided capital markets advice. Partner Michael Mollerus and counsel Yixuan Long provided tax advice. Members of the Davis Polk team are based in the New York and London offices.