DICK’S Sporting Goods in its $2.4 billion refinancing transactions in connection with its acquisition of Foot Locker

On June 6, 2025, DICK’S Sporting Goods, Inc. announced that, in connection with its anticipated acquisition of Foot Locker, Inc., DICK’S has commenced an exchange offer and consent solicitation relating to Foot Locker’s outstanding 4.000% Senior Notes due 2029 for up to $400 million aggregate principal amount of new 4.000% Senior Notes due 2029 to be issued by DICK’S.  Concurrently with the commencement of the exchange offer and consent solicitation, DICK’s replaced its existing $1.6 billion unsecured revolving credit facility with a new $2 billion unsecured revolving credit facility, of which up to $250 million is available on a “certain funds” basis to fund the acquisition of Foot Locker and related transactions.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to DICK’S.