Under Armour (UAA) stock jumps 13.9% after announcing a $400 million debt offer.

From Yahoo Finance: 2025-06-21 18:23:00

Under Armour, Inc. (NYSE:UAA) saw a 13.94% jump in their stock price on Friday, reaching $7.03 per share, following the announcement of a plan to raise $400 million through debt issuance. The notes will have a yield rate of 7.25% and mature in 2030, with the sale expected to close on June 23.

The net proceeds from the debt offering will be used by Under Armour, Inc. (NYSE:UAA) to pay off their $600 million 3.25% senior notes due in 2026. Additionally, the company extended its exclusive apparel partnership with the CIAA through 2029, providing access to UA uniforms, gear, footwear, and training equipment.

The partnership with the CIAA started in 2018 after Russell Athletic exited the collegiate uniform space, giving Under Armour, Inc. (NYSE:UAA) exclusive access. While UAA shows investment potential, some AI stocks may offer higher returns with limited downside risk. For more information on AI stocks, visit the provided links.



Read more at Yahoo Finance: Under Armour (UAA) Jumps 13.9% After $400-Million Debt Offer