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FINWIRES

Dick's Sporting Goods Files Prospectus for Mixed Securities Offerings

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Dick's Sporting Goods (DKS) submitted a shelf registration on Monday for the company or selling securityholders to periodically offer securities, including common and preferred shares alongside debt, warrants and units.

Management plans to use net proceeds toward general corporate purposes, including operational financing, loan repayment, equity buybacks, plus potential business acquisitions, the company said.

This retailer will not receive proceeds from sales of securities by selling securityholders, it added.

Price: $122.41, Change: $+1.26, Percent Change: +1.04%

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