April 14, 2020
A new private placement with institutional investors will offer convertible senior notes for $500 million with an option to raise another $75 million as DKS also announced that the pandemic will adversely affect results for the current quarter and beyond and suggests there will be a relatively slow recovery as restrictions lift because of the damage that has been done to the economy in general.
The Big a received German government approval for KfW, the country’s state-owned development bank, to lead a syndicate of lenders providing the revolving loan facility, which will backstop its balance sheet against fallout from the coronavirus pandemic.
Brian Hunt is suing MTN in federal court in San Francisco, seeking class certification on behalf of Epic Pass lift ticket holders who were left high and dry after the ski operator closed its 34 North American resorts due to the coronavirus outbreak.
Hebert, currently VP of global sales, will become VP & GM of North America geography, succeeding long-time executive Tom Peddie who is retiring from Nike.
Standard & Poor’s maintained HBI’s BB issuer credit rating, but revised its outlook to negative, citing store closures and a drop in consumer spending on nonessential items due to the coronavirus.
The outdoor apparel maker has voluntarily dismissed its trademark infringement claims against OC Media, LLC, over t-shirts and other apparel parodying Patagonia’s multi-colored P6 logo.
Delta Apparel is converting its manufacturing facilities to begin producing cotton face masks as part of a coalition of apparel brands.