Under Armour (NYSE: UA) shares are trading lower on Thursday, after the company announced its plan to offer $400 million convertible senior notes due 2024.
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles.
Under Armour shares were trading down 2.6% at $7.27 on Thursday. The stock has a 52-week high of $24.55 and a 52-week low of $6.37.