June 16, 2025 Trade Talks Moving Forward with EU, Vietnam
Rumors were reported in German business outlet Handelsblatt that EU negotiators were looking to accept 10% across-the-board tariffs to avoid higher rates on targeted sectors such as automotive, pharmaceuticals, and electronics, but the European Commission largely denied the story. Skechers Financing Coming into Place
SKX confirmed in an SEC filing that a group of banks led by JPMorgan Chase agreed to provide 3G Capital Partners with debt financing to complete its planned acquisition, which is expected to close some time in the third quarter. Under Armour Issues $440 Million in New Debt
Under Dog is selling $440 million of 7.25% senior notes due in 2030 in an upsized private offering and will use the proceeds along with cash to retire all $600 million of its outstanding 3.25% senior notes due 2026. Solo Brands Refinances, Names New CEO
The Solo Stove and Chubbies parent is refinancing its debt with a new credit facility from JPMorgan Chase Bank, providing a $90 million revolving credit and a new $240 million term loan due June 2028. JD Sports Opens Las Vegas Flagship
The U.K.-based retailer opened a new flagship store on Las Vegas Boulevard, bringing the North American fleet to 339 locations of its core banner. Etcetera: Lowa, Cirql, Faxon Firearms, Seaguar, On Running, Under Armour
|