Dick’s Expands, Prices Debt Offering
DKS is now offering $1.5 billion in new debt, consisting of $750 million in 3.150% senior notes due 2032, and $750 million in 4.100% senior notes due 2052. The 2032 notes are priced at 99.796% of principal, while the 2052 notes are priced at 99.760%. Proceeds from the debt offering will be used to repay its $575 million of convertible debt, and for general corporate purposes. Moody’s assigning a Baa3 rating ... Log in to view full article.