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Under Armour (NYSE:UA), Inc. (NYSE:UAA, NYSE:UA) announced Monday that it has satisfied and discharged its 3.25% Senior Notes due 2026. According to a statement based on a Securities and Exchange Commission filing, the company deposited sufficient funds with Wilmington Trust, National Association to meet all payment obligations related to the notes, which were issued under an indenture dated June 13, 2016. The company, which currently maintains a moderate debt level with total obligations of $1.68 billion and a debt-to-equity ratio of 0.89 according to InvestingPro data, continues to manage its debt responsibilities effectively.
The trustee acknowledged the satisfaction and discharge of the notes on Monday. As a result, Under Armour is released from its remaining obligations under the notes and the associated indenture, except for those obligations that expressly survive satisfaction and discharge. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 1.53, indicating its ability to meet short-term obligations.
While the company has met its payment obligations, the principal amount of the notes will not be repaid to bondholders until the scheduled maturity date of June 15, 2026. Until that time, the notes will remain on Under Armour’s balance sheet, and the funds deposited with the trustee will be reported as “Restricted Investments.”
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Under Armour has seen a series of adjustments in its stock ratings and price targets from various financial firms. Stifel has lowered its price target for Under Armour to $9.00 from $10.00, maintaining a Buy rating, following the company’s fiscal first-quarter 2026 results, which were mostly in line with expectations. However, the company provided weaker guidance for the second quarter, indicating that fiscal year 2026 profit could be significantly lower than fiscal year 2025 levels.
Williams Trading reduced its price target to $7.00 from $10.00, citing a longer timeline for brand improvements to be visible, although it maintained a Buy rating. CFRA upgraded Under Armour’s stock rating from Sell to Hold, with a $5.00 price target, due to fair valuation and lowered expectations, suggesting that most downside risk is already priced in. Truist Securities also lowered its price target to $5.00 from $7.00, maintaining a Hold rating, influenced by tariff concerns and the company’s fiscal second-quarter 2026 guidance falling short of market expectations.
Additionally, UBS adjusted its price target to $7.50 from $8.00 while keeping a Buy rating, highlighting the negative impact of tariffs on sales and margins for fiscal year 2026. These recent developments reflect a cautious outlook from analysts, with adjustments largely driven by concerns over guidance, tariffs, and brand evolution.
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