Academy Sports & Outdoors Enters Material Definitive Agreement

Ticker: ASO · Form: 8-K · Filed: Mar 8, 2024 · CIK: 1817358

Academy Sports & Outdoors, INC. 8-K Filing Summary
FieldDetail
CompanyAcademy Sports & Outdoors, INC. (ASO)
Form Type8-K
Filed DateMar 8, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$0.01, $100 million
Sentimentneutral

Sentiment: neutral

Topics: material-agreement

Related Tickers: ASO

TL;DR

ASO just signed a big deal, details TBD.

AI Summary

Academy Sports and Outdoors, Inc. filed an 8-K on March 8, 2024, to report the entry into a material definitive agreement. The filing does not provide specific details about the agreement itself, but indicates a significant event has occurred for the company.

Why It Matters

This filing signals a significant development for Academy Sports & Outdoors, potentially impacting its business operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in the 8-K regarding the material definitive agreement introduces uncertainty, which can be a medium-level risk for investors.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Academy Sports & Outdoors?

The filing does not specify the nature of the material definitive agreement.

When was the material definitive agreement entered into?

The earliest event reported was on March 8, 2024.

What is the Commission File Number for Academy Sports & Outdoors?

The Commission File Number is 001-39589.

What is the IRS Employer Identification Number for Academy Sports & Outdoors?

The IRS Employer Identification Number is 85-1800912.

Where are Academy Sports & Outdoors' principal executive offices located?

The principal executive offices are located at 1800 North Mason Road, Katy, Texas 77449.

Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 9.8 · Accepted 2024-03-08 16:16:45

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 8, 2024 Academy, Ltd. ("Academy"), a wholly-owned subsidiary of Academy Sports and Outdoors, Inc. (the "Company"), as borrower, New Academy Holding Company, LLC, Associated Investors, L.L.C. and Academy Managing Co., L.L.C., each a direct or indirect, wholly-owned subsidiary of the Company, as guarantors, entered into an amendment (the "ABL Amendment") to the First Amended and Restated ABL Credit Agreement, dated as of July 2, 2015, with JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent, letter of credit issuer and swingline lender, and the several lenders party thereto, which ABL Amendment, among other things, extended the maturity of Academy's asset-based revolving credit facility (the "ABL Credit Facility") to March 8, 2029, unless if (i) more than $100 million of the aggregate principal amount of the 2027 Senior Notes (as defined in the ABL Amendment) or the Term Loans (as defined in the ABL Amendment), or any refinancing thereof, in each case, is outstanding on the date that is 91 days prior to the earliest maturity date of any such indebtedness or (ii) equal to or less than $100 million of the aggregate principal amount of the 2027 Senior Notes or the Term Loans, in either case, is outstanding on the date that is 91 days prior to the earliest maturity date of any such indebtedness and a Reserve (as defined in the ABL Amendment) in the ABL Credit Facility has not been taken for such amount, then the maturity date of the ABL Credit Facility will be the date that is 91 days earlier than the earlier maturity date of the 2027 Senior Notes and the Term Loans. The foregoing description does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the ABL Amendment, a copy of which is attached hereto as Exhibit 10.1, and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Amendment No. 4, dated March 8, 2024, to the First Amended and Restated ABL Credit Agreement, dated as of July 2, 2015, among Academy, Ltd., as borrower, New Academy Holding Company, LLC, Associated Investors, L.L.C., and Academy Managing Co., L.L.C., as guarantors, the several lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as the letter of credit issuer, swingline lender, administrative agent and collateral agent. 104 Cover Page Interactive Date File (embedded within the Inline XBRL document).

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACADEMY SPORTS AND OUTDOORS, INC. March 8, 2024 By: /s/ Rene G. Casares Name: Rene G. Casares Title: Senior Vice President, General Counsel and Secretary

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