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News Jul 25, 2019

Dick’s Sporting Goods’ $1.6 Billion Financing

Shearman & Sterling advised Dick’s Sporting Goods, Inc., as borrower, on an amendment to its existing $1.25 billion secured revolving credit facility agented by Wells Fargo Bank, National Association, increasing aggregate commitments to $1.6 billion, increasing incremental capacity to $500 million and extending the maturity date. The facility was used to finance general corporate purposes.

Headquartered in Coraopolis, Pennsylvania, Dick’s Sporting Goods, Inc. operates as a sporting goods retailer in the United States.

The Shearman & Sterling team below was supported by staff attorney Wes Sheldon.

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