DICK'S Sporting Goods, Inc. has entered into an underwriting agreement to issue and sell $1 billion in aggregate principal amount of senior notes. The offering consists of two tranches: $400 million in 6.200% senior notes due 2036 and $600 million in 6.900% senior notes due 2056.
The notes were registered under the Securities Act of 1933 pursuant to a registration statement on Form S-3ASR filed on September 21, 2026. The final terms of the offering were detailed in a prospectus supplement filed with the SEC on September 23, 2026.
The notes are governed by an indenture dated January 14, 2022, between the company and U.S. Bank Trust Company, National Association, as trustee. This agreement was supplemented by a Third Supplemental Indenture dated September 25, 2026.
According to the filing, the notes are unsecured and unsubordinated obligations of DICK'S Sporting Goods. They rank equally with the company’s existing and future unsecured indebtedness. However, the notes are not guaranteed by any of the company's subsidiaries and will be structurally subordinated to the obligations of those subsidiaries.
The company intends to use the net proceeds from the sale of the notes for general corporate purposes. These purposes may include financing operations, repaying debt, repurchasing shares of common stock, and funding future business acquisitions.
