Wednesday, April 15, 2020

Dick’s Sporting Goods boosts liquidity

Chain Store Age
Dick's Sporting Goods Inc. has taken another move to bolster its liquidity as its stores remain closed.

The sporting goods giant is offering $500 million in convertible senior notes that mature in 2025. Dick’s said it intends to use a portion of proceeds from the deal for general corporate purposes and it will enter hedging positions to avoid diluting its stock on conversion. . . . more