Shearman And Sterling

News March 27, 2020

Dick’s Sporting Goods $1.9 Billion Amended ABL Revolving Credit Facility

Shearman & Sterling advised Dick’s Sporting Goods, Inc. and Dick’s Merchandising & Supply Chain, Inc., as Borrowers, on an amendment to their existing $1.6 billion secured ABL revolving credit facility agented by Wells Fargo Bank, National Association to, among other things, increase aggregate commitments to $1.9 billion and increase the applicable margin to the highest level in the existing pricing grid. The proceeds were used to finance general corporate purposes.

DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

The Shearman & Sterling team below also included legal assistant Sunita Daswani.

The Team


Regional Experience