Company: UAA
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001193125-25-141111
Chunk: 0

Company: Under Armour, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On June 16, 2025, Under Armour, Inc. (“ Under Armour” or the “ Company”) entered into Amendment No. 7 (the “ Seventh Amendment”) to the Amended and Restated Credit Agreement, dated as of March 8, 2019, by and among the Company, as borrower, JPMorgan Chase Bank, N. A., as administrative agent, and the other lenders and arrangers party thereto (the “ Initial Credit Agreement”), as amended by Amendment No. 1, dated as of May 12, 2020 (the “ First Amendment”), Amendment No. 2, dated as of May 17, 2021 (the “ Second Amendment”), Amendment No. 3, dated as of December 3, 2021 (the “ Third Amendment”), Technical Modification, dated February 24, 2023 (the “ Technical Modification”), Amendment No. 4, dated as of March 6, 2024 (the “ Fourth Amendment”), Amendment No. 5, dated as of July 3, 2024 (the “ Fifth Amendment”) and Amendment No. 6, dated as of March 7, 2025 (the “ Sixth Amendment”). The Initial Credit Agreement as amended by the First Amendment, the Second Amendment, the Third Amendment, the Technical Modification, the Fourth Amendment, the Fifth Amendment and the Sixth Amendment is referred to herein as the “ Existing Credit Agreement,” and the Existing Credit Agreement as amended by the Seventh Amendment is referred to herein as the “ Amended Credit Agreement.”

The Amended Credit Agreement provides for a revolving credit facility commitment of $1,100.0 million, consistent with the Existing Credit Agreement. The material changes effected to the terms of the Existing Credit Agreement by the Seventh Amendment include the following: (i) the extension of the maturity date from December 3, 2028, to June 16, 2030 (subject to a springing maturity of 91 days prior to June 16, 2030 if, on such date, the Notes (as defined below) have not been refinanced); (ii) removing the credit spread adjustment applicable to the interest rate calculation; (iii) providing for a step-upof the leverage ratio required under the financial covenant following the consummation of a permitted acquisition with a cash purchase price in excess of $100,000,000 occurring during such fiscal quarter; (iv)