The Arc’teryx and Salomon parent is converting high-yield secured debt into equity capital, a balance sheet move that signals growing investor confidence in the group’s premium multi-brand strategy.
Amer Sports, Inc. has priced a public equity offering of approximately $750 million (€690m) to fund the full retirement of its outstanding senior secured notes, a capital markets move that accelerates the company’s shift toward a less leveraged balance sheet.
The group – parent of Arc’teryx, Salomon, Wilson, Atomic and Peak Performance – priced 20,604,396 ordinary shares at $36.40 (€33.50) each on March 3, following the launch announcement on March 2. Underwriters hold a 30-day option to purchase up to an additional 3,090,659 shares, which would bring the total potential raise to roughly $863 million (€794m).
Retiring costly debt with fresh equity
The offering proceeds, combined with cash on hand, will be directed entirely toward redeeming the outstanding principal on Amer Sports’ 6.750% Senior Secured Notes due 2031, plus associated premiums, fees and expenses. Replacing fixed-rate secured debt with equity capital is a meaningful structural step for a company that went public on the New York Stock Exchange (NYSE) in early 2024, and has been generating $6.6 billion in annual revenue as of 2025.
The transaction closes on March 4, subject to standard closing conditions.
Debt reduction as a strategic signal
Amer Sports has been public for a little over a year, and the share sale is one of its biggest financing moves since the IPO. By using equity proceeds to take out the 6.750% secured notes, the company cuts interest costs and loosens the collateral claims tied to its assets – a step that can leave it with more room to operate and invest. The pricing also offers a read on how investors are valuing the business. At $36.40 a share, the deal suggests the market is backing Amer Sports’ bet on a premium stable of brands across technical apparel, outdoor footwear, racquet sports and winter sports gear.
Amer Sports operates in 40 countries and sells into more than 100 markets, with major hubs in Helsinki, Munich, Kraków, New York and Shanghai.
