Academy Sports and Outdoors (ASO) has released an update.
Academy, Ltd., a subsidiary of Academy Sports and Outdoors, Inc., prepaid $100 million of its senior secured term loan on February 1, 2024, leaving a balance of $91.75 million. This move, which incurred no penalties, is expected to save the company around $29 million in interest, including $8.5 million in fiscal 2024, as part of its capital allocation strategy that encompasses various financial activities such as investments, dividends, and stock buybacks.
For further insights into ASO stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.