Amer Sports, Inc. (NYSE: AS) priced a new public offering of 20,604,396 ordinary shares at $36.40 per share, with a 30‑day option for underwriters to purchase an additional 3,090,659 shares. The offering is expected to close on March 4 2026, subject to customary closing conditions.
The proceeds from the offering, combined with the company’s cash on hand, will be used to redeem the outstanding principal amount of its 6.750% Senior Secured Notes due 2031, which had a $720 million aggregate principal balance as of March 1 2026, and to pay related premiums, fees and expenses.
Amer Sports’ decision to refinance this debt follows a recent pattern of debt management, including the redemption of $80 million of the same notes in February. The move is intended to lower the company’s cost of capital and improve its debt‑to‑equity ratio, supporting a stronger balance sheet for future growth initiatives.
The offering comes on the heels of Amer Sports’ fourth‑quarter 2025 earnings, which showed robust revenue growth but an EPS miss due to accelerated SG&A investments, particularly in the Salomon Softgoods division. The company’s management highlighted that these investments are aimed at sustaining long‑term brand strength and market share gains in its core segments, even though they temporarily weighed on earnings.
By pricing the shares at $36.40, Amer Sports signals confidence in its capital structure strategy and its ability to fund ongoing brand development while maintaining financial flexibility. The transaction aligns with the company’s broader outlook of 16‑18% revenue growth for full‑year 2026 and a projected adjusted diluted EPS of $1.10 to $1.15.
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