Amer Sports, Inc. (NYSE: AS) (“Amer Sports”), a global group of
iconic sports and outdoor brands, announced today the launch of a
public offering of 34,000,000 ordinary shares. In connection with
the offering, Amer Sports has granted the underwriters a 30-day
option to purchase up to an additional 5,100,000 ordinary
shares.
Amer Sports intends to use the net proceeds it receives from the
proposed offering to repay a portion of our outstanding borrowings
under our term loan facilities.
BofA Securities and J.P. Morgan are acting as joint book-running
managers for the proposed offering. Goldman Sachs, Morgan Stanley,
Citigroup and UBS Investment Bank are acting as bookrunners for the
proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
proposed offering may be obtained for free by visiting EDGAR on the
SEC’s website at www.sec.gov. Alternatively, copies of the
preliminary prospectus may be obtained from BofA Securities,
NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001,
Attn: Prospectus Department, by email at
dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at 866-803-9204 or by email at
prospectus-eq_fi@jpmorganchase.com and
postsalemanualrequests@broadridge.com.
A registration statement on Form F-1 relating to the proposed
offering has been filed with the U.S. Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold, nor may offers to buy be accepted, prior to the time
the registration statement becomes effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended. The proposed offering is subject to market conditions, and
there can be no assurance as to whether or when the proposed
offering may be completed, or as to the actual size or terms of the
proposed offering.
About Amer Sports, Inc.
Amer Sports is a global portfolio of iconic sports and outdoor
brands, including Arc’teryx, Salomon, Wilson, Peak Performance,
Atomic, and Armada. Our brands are known for their detailed
craftsmanship, unwavering authenticity, and premium market
positioning. As creators of exceptional apparel, footwear, and
equipment, we pride ourselves on cutting edge innovation,
performance, and designs that allow elite athletes and everyday
consumers to perform their best.
With over 11,400 employees globally, Amer Sports’ purpose is to
elevate the world through sport. Our vision is to be the global
leader in premium sports and outdoor brands. With corporate offices
in Helsinki, Munich, Kraków, New York, and Shanghai, we have
operations in 40+ countries and our products are sold in 100+
countries. Amer Sports generated $4.4 billion of revenue in
2023.
Forward Looking Statements
This press release includes statements relating to a potential
offering of ordinary shares of the Company that are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In many cases, you can
identify forward-looking statements by terms such as “may,” “will,”
“should,” “expects,” “plans,” “anticipates,” “target,” “outlook,”
“believes,” “intends,” “estimates,” “predicts,” “potential” or the
negative of these terms or other comparable terminology. These
statements are based on management’s current expectations but they
involve a number of risks and uncertainties. Actual results and the
timing of events could differ materially from those anticipated in
the forward-looking statements as a result of factors relating to,
without limitation: the strength of our brands; changes in market
trends and consumer preferences; intense competition that our
products, services and experiences face; harm to our reputation
that could adversely impact our ability to attract and retain
consumers and wholesale partners, employees, brand ambassadors,
partners, and other stakeholders; reliance on technical innovation
and high-quality products; general economic and business conditions
worldwide, including due to inflationary pressures; the strength of
our relationships with and the financial condition of our
third-party suppliers, manufacturers, wholesale partners and
consumers; ability to expand our DTC channel, including our
expansion and success of our owned retail stores and e-commerce
platform; our plans to innovate, expand our product offerings and
successfully implement our growth strategies that may not be
successful, and implementation of these plans that may divert our
operational, managerial and administrative resources; our
international operations, including any related to political
uncertainty and geopolitical tensions; our and our wholesale
partners’ ability to accurately forecast demand for our products
and our ability to manage manufacturing decisions; our third party
suppliers, manufacturers and other partners, including their
financial stability and our ability to find suitable partners to
implement our growth strategy; the cost of raw materials and our
reliance on third-party manufacturers; our distribution system and
ability to deliver our brands’ products to our wholesale partners
and consumers; climate change and sustainability or ESG-related
matters, or legal, regulatory or market responses thereto; changes
to trade policies, tariffs, import/export regulations,
anti-competition regulations and other regulations in the United
States, EU, PRC and other jurisdictions, or our failure to comply
with such regulations; ability to obtain, maintain, protect and
enforce our intellectual property rights in our brands, designs,
technologies and proprietary information and processes; ability to
defend against claims of intellectual property infringement,
misappropriation, dilution or other violations made by third
parties against us; security breaches or other disruptions to our
IT systems; changes in government regulation and tax matters; our
ability to remediate our material weakness in our internal control
over financial reporting; our relationship with our significant
shareholders; other factors that may affect our financial
condition, liquidity and results of operations; and other risks and
uncertainties set out in filings made from time to time with the
SEC and available at www.sec.gov, including, without limitation,
our reports on Form 20-F and Form 6-K. You are urged to consider
these factors carefully in evaluating the forward-looking
statements contained herein and are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in
their entirety by these cautionary statements. The forward-looking
statements made herein speak only as of the date of this press
release and the Company undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstances, except as may be required by law.
Source: Amer Sports, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20241202071396/en/
Investor Relations: Omar Saad Vice President, Finance and
Investor Relations omar.saad@amersports.com
Media: Reeta Eskola Director, Communications
reeta.eskola@amersports.com
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