(Reuters) - Under Armour ( UAA ) said on Friday it would settle a 2017 shareholder class action lawsuit that accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company's financial health.

Under Armour ( UAA ) said it intends to pay the settlement amount of $434 million through cash on hand as well as by drawing on its $1.1 billion revolving credit facility.

Under Armour ( UAA ) added it has consistently denied the accusations and entered into this agreement in principle, which is not an admission or finding of fault or wrongdoing.