DICK’S Sporting Goods Extends Offer to Exchange Foot Locker’s Senior Notes Due 2029
[City, State] – August 4, 2025 – DICK’S Sporting Goods, Inc. (NYSE: DKS) today announced an extension of the expiration date for its previously announced offer to exchange certain outstanding senior notes issued by Foot Locker, Inc. (NYSE: FL) due 2029. The exchange offer, which commenced on July 15, 2025, will now expire at 5:00 p.m., New York City time, on August 18, 2025, unless further extended.
This extension provides an additional opportunity for eligible holders of Foot Locker’s 5.375% Senior Notes due 2029 (the “Foot Locker Notes”) to participate in the exchange offer. DICK’S Sporting Goods is offering to exchange these notes for new senior notes to be issued by DICK’S Sporting Goods, Inc. The terms and conditions of the exchange offer and consent solicitation remain substantially the same, except for the extended expiration date.
The exchange offer is being conducted pursuant to an Offer to Exchange and Consent Solicitation Statement, dated July 15, 2025, which has been furnished to holders of the Foot Locker Notes. This document contains important information regarding the terms of the offer, including the consideration being offered and the conditions to closing.
DICK’S Sporting Goods is also soliciting consents from eligible holders of the Foot Locker Notes to amend certain provisions of the indenture governing such notes. The consent solicitation is being made in conjunction with the exchange offer.
The company’s decision to extend the expiration date reflects a commitment to providing a comprehensive window for participation, allowing sufficient time for holders to review the offer and make informed decisions. DICK’S Sporting Goods believes that this exchange offer presents an attractive opportunity for holders of the Foot Locker Notes to transition into a DICK’S Sporting Goods-issued security.
J.P. Morgan Securities LLC is acting as the sole dealer manager and solicitation agent for the exchange offer and consent solicitation. For further information or to request access to the offer documents, eligible holders are encouraged to contact J.P. Morgan Securities LLC.
About DICK’S Sporting Goods, Inc.
DICK’S Sporting Goods, Inc. is a leading omnichannel sporting goods retailer, offering a broad range of quality sporting goods, apparel, footwear, and accessories. With a commitment to providing an exceptional customer experience, DICK’S Sporting Goods serves athletes and outdoor enthusiasts of all levels.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially. Investors are cautioned not to place undue reliance on these forward-looking statements.
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