Date Closed

February 16, 2024

Lead Office

Toronto

Value

2.80 Billion USD

On February 16, 2024, Amer Sports Inc. and its affiliates (including Amer Sports Canada Inc.) completed an $800 million secured note offering and entered into a credit agreement with JPMorgan Chase Bank, N.A. as Administrative Agent and Wilmington Trust (London) Limited as Collateral Agent, providing for a US$500 million term facility, a EUR700 million term facility and a US$710 million revolving facility, each for purposes of refinancing existing debt and for general corporate purposes. McCarthy acted as Canadian counsel to Amer Sports on both the secured note offering and the credit facilities which included providing Canadian advice (including with respect to tax, insolvency and securities laws) in connection with both debt transactions and negotiating a Canadian security package for each transaction.

Amer Sports, headquartered in Helsinki, Finland, is a sports equipment manufacturing and retail conglomerate that owns brands including Atomic, Arc'teryx, Armada, Enve Composites, Peak Performance, Salomon, and Wilson Sporting Goods.

McCarthy Tétrault advised Amer Sports with a team led by Justin Lapedus that included Ailbish Bruchet, Zach Kroll, Stacey Hogan, Michel Ranger (Tax), Andrew Parker (Capital Markets), Jamey Gage (Bankruptcy and Insolvency), and Vincent Yip (Intellectual Property).