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ASO - Academy Sports and Outdoors prices senior secured notes due 2027
Academy Sports and Outdoors Inc.
Academy, Ltd., a wholly-owned subsidiary of Academy Sports and Outdoors ([[ASO]] -3.0%) has priced a private offering of $400M of 6.000% senior secured notes due 2027.Offering is expected to close on November 6. The issuer intends to use the net proceeds to repay a portion of the $1.434B outstanding under its term loan facility and pay related fees and expenses.