10 Stocks End Trading Week Soaring, Outshining Wall Street

4. Under Armour, Inc. (NYSE:UAA)

Under Armour ended two straight days of losses on Friday, jumping 13.94 percent to end at $7.03 apiece after announcing plans to raise $400 million through the issuance of debt.

In a statement earlier this week, Under Armour, Inc. (NYSE:UAA) said the notes carry a yield rate of 7.25 percent and will be paid semi-annually. The notes are senior, unsecured obligations, and will mature in 2030. The sale is expected to close on Monday, June 23.

According to Under Armour, Inc. (NYSE:UAA), net proceeds will be used to pay off its $600 million 3.25 percent senior notes due 2026.

In recent news, Under Armour, Inc. (NYSE:UAA) extended its exclusive apparel partnership with the Central Intercollegiate Athletic Association (CIAA) through 2029.

Under Armour, Inc.’s (NYSE:UAA) relationship with the CIAA began in 2018 after Russell Athletic exited the collegiate uniform space. The partnership gave exclusive access to UA uniforms, gear, footwear, and training equipment.