10:29 AM EDT, 06/16/2025 (MT Newswires) -- Under Armour ( UAA ) said Monday that it plans to launch a $400 million private offering of senior notes due 2030.

Interest on the notes will be paid in arrears semiannually and net proceeds, along with borrowings and cash on hand, would be used to redeem, repurchase, repay or retire $600 million of its outstanding 3.25% senior notes due 2026, according to the company.

Under Armour ( UAA ) said the interest rate, offering price and other terms of the notes are yet to be determined.

Shares of the company were up 1.5% in recent trading.

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