On August 26, 2025,Dick’s Sporting Goods announced an extension of the expiration date for its exchange offer and consent solicitation related to Foot Locker’s 4.000 percent senior notes due 2029. The new deadline is Sept. 9, 2025, at 5:00 pm ET, extended from the original Aug. 29 date.
The exchange offer allows eligible holders of Foot Locker’s senior notes to receive $1,000 in new Dick’s notes per $1,000 principal amount tendered, along with consent solicitation for amendments to the indenture governing the original notes. As of Aug. 26, approximately $379.7 million, or 94.94 percent, of the $400 million in outstanding Foot Locker notes had been validly tendered.
The deadline for withdrawing tendered notes has also been extended to Sept. 9. The offer is contingent upon the closing of the previously announced merger, in which Foot Locker would become a wholly owned subsidiary of Dick’s.
The exchange offer is being made only to qualified institutional buyers and certain non-US persons, under the terms outlined in the offering memorandum dated June 6, 2025. All other terms and conditions remain unchanged.
