04:44 PM EDT, 06/06/2025 (MT Newswires) -- Dick's Sporting Goods (DKS) said Friday that, in connection with its planned acquisition of Foot Locker ( FL ) , it has started an offer to exchange the 4% senior notes due 2029 issued by Foot Locker ( FL ) for up to $400 million of new 4% senior notes due 2029 issued by Dick's.

The exchange offer is conditioned upon the closing of the planned deal, the company said.

Dick's said that on behalf of Foot Locker ( FL ) it's soliciting consents for amendments to the Foot Locker ( FL ) notes to eliminate restrictive covenants, some affirmative covenants and some events of default, among other changes.

The exchange offer is slated to expire at 5 pm New York City time on Aug. 1.