New Era Cap raised $775 million worth of debt and could explore an IPO, Bloomberg reported. New Era is best known as the official licensed hatmaker for MLB and the NFL. It's secured a $525 million loan and another $250 million worth of revolving credit, Bloomberg reported. Reuters reported Thursday that New Era had started preparing for an IPO that would value it at between $4 billion and $5 billion, citing unnamed sources. AdvertisementAdvertisementMeanwhile, Bloomberg reported Wednesday that Wilson tennis rackets maker Amer is targeting an IPO in early 2024 that could value the company at up to $10 billion.

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Persons: Christopher Koch, It's, Christopher H, Koch, I've, didn't, Wilson, Amer Organizations: Bloomberg, MLB, NFL, Service, Bank of America, JPMorgan, Citigroup, Truist Financial, Reuters, SoftBank Locations: Wall, Silicon, North Carolina