Amer Sports (NYSE: AS) funds $720M note redemption with new share sale

Rhea-AI Filing Summary

Amer Sports, Inc. completed an underwritten public offering of 23,695,055 ordinary shares, including 3,090,659 shares issued under the underwriters’ option to buy additional shares. The company plans to use the net proceeds to redeem its subsidiary’s 6.750% Senior Secured Notes due 2031.

On March 4, 2026, Amer Sports issued a redemption notice for the outstanding $720 million aggregate principal amount of these notes, with a redemption date of March 16, 2026. The notes will be redeemed at their principal amount plus the applicable premium and accrued but unpaid interest up to, but excluding, the redemption date.

Positive

• Significant debt reduction and interest savings potential: Amer Sports plans to use proceeds from 23,695,055 newly issued ordinary shares to redeem $720 million of 6.750% Senior Secured Notes due 2031, which may materially lower interest expense and improve its leverage profile.

Negative

• None.

Insights

Capital structure and credit analyst

Amer Sports is swapping new equity for early redemption of $720M high-coupon secured notes.

Amer Sports completed an underwritten sale of 23,695,055 ordinary shares and plans to use the net proceeds to redeem 6.750% Senior Secured Notes due 2031 issued by a wholly owned subsidiary. This moves value from debt investors to shareholders through a capital structure shift.

The company has issued a redemption notice for $720 million of these notes, with repayment on March 16, 2026 at par plus an applicable premium and accrued interest. Retiring a sizable 6.750% secured instrument may lower future interest expense and reduce secured leverage, though it comes at the cost of dilution from the new shares.

The impact on shareholders depends on the tradeoff between reduced interest burden and the additional equity outstanding. Subsequent disclosures in future company filings can provide more detail on post-redemption leverage and interest savings once the transaction is completed.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number 001-41943

Amer Sports, Inc.

(Translation of registrant’s name into English)

Cricket Square, Hutchins Drive,

P.O. Box 2681

Grand Cayman, KY1-1111

Cayman Islands

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

FORM 20-F x    FORM 40-F ¨

EXPLANATORY NOTE

On March 4, 2026, Amer Sports, Inc. (the “Company”) completed the previously announced underwritten public offering (the “Offering”) of 23,695,055 ordinary shares of the Company, par value EUR 0.0300580119630888 per share (the “Ordinary Shares”), including 3,090,659 Ordinary Shares issued pursuant to the exercise of the Underwriters’ (as defined below) option to purchase additional shares. The Offering was pursuant to an automatically effective shelf registration statement on Form F-3 filed with the Securities and Exchange Commission on March 7, 2025.

In connection with the Offering, the Company entered into an underwriting agreement, dated as of March 2, 2026 (the “Underwriting Agreement”), by and among the Company and BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the “Underwriters”). The description of the Underwriting Agreement does not purport to be a complete summary of and is subject to and qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.

The Company intends to use the net proceeds it receives from the Offering to redeem the 6.750% Senior Secured Notes due February 16, 2031 (the “Notes”) issued by Amer Sports Company, the Company’s wholly-owned subsidiary, and to pay related premiums, fees and expenses. On March 4, 2026, the Company issued a notice of redemption for the $720 million aggregate principal amount outstanding of the Notes. The redemption date for the Notes will be March 16, 2026 (the “Redemption Date”). The Notes will be redeemed at a redemption price equal to the principal amount of the Notes plus the Applicable Premium (as defined in the indenture for the Notes), plus accrued and unpaid interest to, but excluding, the Redemption Date. The foregoing does not constitute a notice of redemption for the Notes.

This Report on Form 6-K, including Exhibit 5.1 hereto, shall be deemed to be incorporated by reference into the registration statement on Form F-3 (File No. 333-285651).

EXHIBIT INDEX

The following exhibits are furnished as part of this Report on Form 6-K:

Exhibit Number		Description
1.1		Underwriting Agreement, dated as of March 2, 2026, by and among the Company and BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters.
5.1		Opinion of Conyers Dill & Pearman, Cayman counsel to Amer Sports, Inc.
23.1		Consent of Conyers Dill & Pearman, Cayman counsel to Amer Sports, Inc. (included in Exhibit 5.1).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Amer Sports, Inc.
	By:	/s/ Andrew E. Page
	Name:	Andrew E. Page
	Title:	Chief Financial Officer

Date: March 4, 2026

FAQ

What did Amer Sports Inc. (AS) announce in this Form 6-K?

Amer Sports reported completion of an underwritten public offering of 23,695,055 ordinary shares. It intends to use the net proceeds to redeem 6.750% Senior Secured Notes due 2031 issued by its wholly owned subsidiary, Amer Sports Company.

How many new Amer Sports (AS) shares were issued in the offering?

Amer Sports issued 23,695,055 ordinary shares in total, including 3,090,659 shares sold when underwriters exercised their option to purchase additional shares. All shares are ordinary shares with a par value of EUR 0.0300580119630888 each.

How will Amer Sports (AS) use the proceeds from the share offering?

Amer Sports intends to use the net proceeds to redeem the 6.750% Senior Secured Notes due February 16, 2031 issued by its subsidiary, Amer Sports Company, and to pay related premiums, fees and expenses tied directly to this redemption.

What debt is Amer Sports (AS) redeeming and in what amount?

Amer Sports issued a notice of redemption for the outstanding $720 million aggregate principal amount of its 6.750% Senior Secured Notes due 2031. These notes were issued by its wholly owned subsidiary, Amer Sports Company, and are being fully redeemed.

When will Amer Sports (AS) complete the redemption of its 6.750% notes?

The redemption date for the 6.750% Senior Secured Notes due 2031 is set for March 16, 2026. On that date, the notes will be redeemed at principal plus the applicable premium and accrued, unpaid interest up to, but excluding, the redemption date.

Under what terms will Amer Sports (AS) redeem the $720 million notes?

The notes will be redeemed at a price equal to the principal amount plus the Applicable Premium defined in the indenture, together with accrued and unpaid interest to, but excluding, the March 16, 2026 redemption date, as outlined in the company’s notice.

Filing Exhibits & Attachments

2 documents

Other Documents

• EX-1.1 EXHIBIT 1.1 233.7 KB
• EX-5.1 EXHIBIT 5.1 24.9 KB