Reported 1 day ago
Under Armour, Inc. (UAA) saw its stock price jump 13.9% to $7.03 after announcing plans to raise $400 million through debt issuance with a 7.25% yield rate. The senior, unsecured notes will mature in 2030 and are intended to refinance existing 3.25% senior notes due in 2026. The sale is set to close on June 23, coinciding with the extension of its partnership with the CIAA through 2029.
Source: YAHOO