KATY, Texas, May 4, 2026 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO) today announced that its wholly-owned subsidiary, Academy, Ltd. (the "Issuer"), priced a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), of $500 million aggregate principal amount of 5.875% senior secured notes due 2031 (the "Notes"). The offering is expected to close on May 14, 2026, subject to customary closing conditions.
kAm%96 xDDF6C :?E6?5D E@ FD6 E96 ?6E AC@4665D 7C@> E96 }@E6D E@ 7F?5 E96 C656>AE:@? @7 2== @7 :ED @FEDE2?5:?8 D6?:@C D64FC65 ?@E6D 5F6 a_af WE96 Q#656>AE:@?QX[ C6A2J 2== @FEDE2?5:?8 2>@F?ED @H:?8 F?56C :ED E6C> =@2? 724:=:EJ[ A2J C6=2E65 766D 2?5 6IA6?D6D[ 2?5 7@C 86?6C2= 4@CA@C2E6 AFCA@D6D]k^Am
kAm%96 }@E6D H:== 36 8F2C2?E665 @? 2 D6?:@C D64FC65 32D:D 3J 46CE2:? @7 p4256>JVD DF3D:5:2C:6D E92E 8F2C2?E66 E96 xDDF6CVD 4C65:E 724:=:E:6D] %96 }@E6D 2?5 E96 C6=2E65 8F2C2?E66D H:== 36 D64FC65 3J W:X 2 7:CDE\AC:@C:EJ =:6? @? DF3DE2?E:2==J 2== @7 E96 xDDF6CVD 2?5 E96 8F2C2?E@CDV A6CD@?2= AC@A6CEJ[ 2?5 W::X 2 D64@?5\AC:@C:EJ =:6? @? E96 xDDF6CVD 2?5 E96 8F2C2?E@CDV A6CD@?2= AC@A6CEJ D64FC:?8 E96 xDDF6CVD 2DD6E\32D65 C6G@=G:?8 4C65:E 724:=:EJ @? 2 7:CDE\AC:@C:EJ 32D:D]k^Am
kAm%96 }@E6D 2?5 E96 C6=2E65 8F2C2?E66D 92G6 ?@E 366? 2?5 H:== ?@E 36 C68:DE6C65 F?56C E96 $64FC:E:6D p4E[ @C 2?J DE2E6 D64FC:E:6D =2HD 2?5 >2J ?@E 36 @776C65 @C D@=5 :? E96 &?:E65 $E2E6D 23D6?E C68:DEC2E:@? @C 2? 2AA=:423=6 6I6>AE:@? 7C@> E96 C68:DEC2E:@? C6BF:C6>6?ED @7 E96 $64FC:E:6D p4E 2?5 2AA=:423=6 DE2E6 =2HD] %96 }@E6D 2?5 E96 C6=2E65 8F2C2?E66D 2C6 36:?8 @776C65 2?5 D@=5 @?=J E@ A6CD@?D C62D@?23=J 36=:6G65 E@ 36 BF2=:7:65 :?DE:EFE:@?2= 3FJ6CD :? C6=:2?46 @? #F=6 `ccp F?56C E96 $64FC:E:6D p4E[ 2?5 E@ ?@?\&]$] A6CD@?D @FED:56 E96 &?:E65 $E2E6D AFCDF2?E E@ #68F=2E:@? $ F?56C E96 $64FC:E:6D p4E]k^Am
kAm%9:D AC6DD C6=62D6 5@6D ?@E 4@?DE:EFE6 2? @776C E@ D6==[ @C 2 D@=:4:E2E:@? @7 2? @776C E@ 3FJ[ 2?J D64FC:E:6D[ ?@C D92== E96C6 36 2?J D2=6 @7 D64FC:E:6D :? 2?J DE2E6 @C ;FC:D5:4E:@? :? H9:49 DF49 2? @776C[ D@=:4:E2E:@? @C D2=6 H@F=5 36 F?=2H7F= AC:@C E@ C68:DEC2E:@? @C BF2=:7:42E:@? F?56C E96 D64FC:E:6D =2HD @7 2?J DF49 DE2E6 @C ;FC:D5:4E:@?] %9:D AC6DD C6=62D6 5@6D ?@E 4@?DE:EFE6 2 ?@E:46 @7 C656>AE:@? 7@C E96 D6?:@C D64FC65 ?@E6D 5F6 a_af] %9:D AC6DD C6=62D6 :D 36:?8 :DDF65 AFCDF2?E E@ 2?5 :? 244@C52?46 H:E9 #F=6 `bdW4X F?56C E96 $64FC:E:6D p4E]k^Am
kAmkDEC@?8mp3@FE p4256>J $A@CED Z ~FE5@@CDk^DEC@?8mk^Am
kAmp4256>J :D 2 =625:?8 7F==\=:?6 DA@CE:?8 8@@5D 2?5 @FE5@@C C64C62E:@? C6E2:=6C :? E96 &?:E65 $E2E6D] ~C:8:?2==J 7@F?565 :? `hbg 2D 2 72>:=J 3FD:?6DD :? %6I2D[ p4256>J 92D 8C@H? E@ >@C6 E92? b__ DE@C6D 24C@DD a` DE2E6D 2?5 4@F?E:?8] p4256>JVD >:DD:@? :D E@ AC@G:56 QuF? 7@C p==Q 2?5 p4256>J 7F=7:==D E9:D >:DD:@? H:E9 2 =@42=:K65 >6C492?5:D:?8 DEC2E68J 2?5 G2=F6 AC@A@D:E:@? E92E DEC@?8=J 4@??64ED H:E9 2 3C@25 C2?86 @7 4@?DF>6CD] p4256>JVD AC@5F4E 2DD@CE>6?E 7@4FD6D @? <6J 42E68@C:6D @7 @FE5@@C[ 2AA2C6=[ DA@CED U2>Aj C64C62E:@? 2?5 7@@EH62C E9C@F89 3@E9 =625:?8 ?2E:@?2= 3C2?5D 2?5 2 A@CE7@=:@ @7 AC:G2E6 =236= 3C2?5D] u@C >@C6 :?7@C>2E:@?[ G:D:E k2 9C67lQ9EEAi^^HHH]24256>J]4@>Q C6=lQ?@7@==@HQmHHH]24256>J]4@>k^2m]k^Am
kAmkDEC@?8mu@CH2C5\{@@<:?8 $E2E6>6?EDk^DEC@?8mk^Am
kAm%9:D AC6DD C6=62D6 4@?E2:?D 7@CH2C5\=@@<:?8 DE2E6>6?ED H:E9:? E96 >62?:?8 @7 $64E:@? afp @7 E96 $64FC:E:6D p4E @7 `hbb[ 2D 2>6?565[ 2?5 $64E:@? a`t @7 E96 $64FC:E:6D tI492?86 p4E @7 `hbc[ 2D 2>6?565] %96 DE2E6>6?ED 5:D4FDD65 :? E9:D AC6DD C6=62D6 E92E 2C6 ?@E AFC6=J 9:DE@C:42= 52E2 2C6 7@CH2C5\=@@<:?8 DE2E6>6?ED[ :?4=F5:?8[ 3FE ?@E =:>:E65 E@[ E96 DE2E6>6?ED C682C5:?8 E96 }@E6D 2?5 E96 FD6 @7 AC@4665D E96C67C@>[ :?4=F5:?8 E96 #656>AE:@? 2?5 C6A2J>6?E @7 E96 E6C> =@2? 724:=:EJ] %96D6 7@CH2C5\=@@<:?8 DE2E6>6?ED 2C6 32D65 @? @FC 4FCC6?E 6IA64E2E:@?D 2?5 36=:67D 4@?46C?:?8 7FEFC6 56G6=@A>6?ED 2?5 E96:C A@E6?E:2= 67764E @? p4256>J] %96 7@CH2C5\=@@<:?8 DE2E6>6?ED 2C6 DF3;64E E@ G2C:@FD C:D<D[ F?46CE2:?E:6D[ 2DDF>AE:@?D @C 492?86D :? 4:C4F>DE2?46D E92E 2C6 5:77:4F=E E@ AC65:4E @C BF2?E:7J] p4EF2= C6DF=ED >2J 5:776C >2E6C:2==J 7C@> E96D6 6IA64E2E:@?D 5F6 E@ 724E@CD E92E 2C6 D6E 7@CE9 :? p4256>JVD 7:=:?8D H:E9 E96 &]$] $64FC:E:6D 2?5 tI492?86 r@>>:DD:@?] p?J 7@CH2C5\=@@<:?8 DE2E6>6?E :? E9:D AC6DD C6=62D6 DA62<D @?=J 2D @7 E96 52E6 @7 E9:D C6=62D6] p4256>J F?56CE2<6D ?@ @3=:82E:@? E@ AF3=:4=J FA52E6 @C C6G:6H 2?J 7@CH2C5\=@@<:?8 DE2E6>6?E[ 6I46AE 2D >2J 36 C6BF:C65 3J 2?J 2AA=:423=6 D64FC:E:6D =2HD]k^Am
kAmkDEC@?8m|65:2 :?BF:C:6Dik^DEC@?8mk^Am
kAm|6C65:E9 z=6:?[ ':46 !C6D:56?E @7 r@>>F?:42E:@?Dk^Am
kAmbce]gae]ee`dk^Am
kAmk2 9C67lQ>2:=E@i>6C65:E9]<=6:?o24256>J]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm>6C65:E9]<=6:?o24256>J]4@>k^2mk^Am
kAmkDEC@?8mx?G6DE@C :?BF:C6Dik^DEC@?8mk^Am
kAms2? p=5C:586[ ':46 !C6D:56?E @7 x?G6DE@C #6=2E:@?Dk^Am
kAmgba]fbh]c`_ak^Am
kAmk2 9C67lQ>2:=E@i52?]2=5C:586o24256>J]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm52?]2=5C:586o24256>J]4@>k^2mk^Am
kA :5lQ!&#{Qmk:>8 E:E=6lQr:D:@?Q H:5E9lQ`aQ 96:89ElQ`aQ 2=ElQr:D:@?Q DC4lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^:>8^72G:4@?]A?8nD?lspd_fdhU2>AjD5la_ae\_d\_cQ ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 :5lQ!#}&#{Q C6=lQ?@7@==@HQ 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^24256>J\DA@CED\\@FE5@@CD\2??@F?46D\AC:4:?8\@7\D6?:@C\D64FC65\?@E6D\b_afe`gdd]9E>=Q E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^24256>J\DA@CED\\@FE5@@CD\2??@F?46D\AC:4:?8\@7\D6?:@C\D64FC65\?@E6D\b_afe`gdd]9E>=k^2mk^Am
kAm$~&#rt p4256>J $A@CED Z ~FE5@@CDk^Am
kAmk:>8 2=ElQQ DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5lspd_fdhU2>Aj%C2?D>:DD:@?0x5la_ae_d_c`edc!#0}t($0&$!#00000spd_fdhU2>Ajs2E6x5la_ae_d_cQ DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am
