BROOMFIELD, Colorado., March 8, 2021 / PRNewswire / – Crocs, Inc. (“Crocs”) (Nasdaq: CROX) immediately introduced the launch of a $ 300 million providing of Senior Notes due 2029 (the “Notes”) as a part of a personal supply, topic to market and different customary situations. The Notes can be assured, collectively and severally, on an unsecured foundation, by sure of the restricted wholly owned subsidiaries of Crocs.
Crocs intends to make use of the online proceeds of the ticket providing to repay as much as $ 180.0 million excellent borrowings beneath the Crocs revolving credit score facility and common company goal steadiness, which can embody working capital, capital expenditures, share repurchases and acquisitions.
The Notes and associated collateral are supplied on the market to individuals moderately thought-about to be Certified Institutional Purchasers beneath a registration exempt supply pursuant to Rule 144A beneath the Securities Act of 1933, as amended (the “Securities Act”), and US Individuals Exterior United States in accordance with Regulation S of the Securities Act. No assurance will be on condition that the supply of the Notes can be made or, if made, as to the phrases on which it’s made.
The Notes and associated collateral haven’t been and won’t be registered beneath the Securities Act or the securities legal guidelines of any state or different jurisdiction and, until they’re are so registered, is probably not supplied or bought in United States besides by advantage of an exemption or in reference to a transaction not topic to the registration necessities of the Securities Act and relevant state securities legal guidelines. This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities and doesn’t represent a proposal, solicitation or sale in any jurisdiction through which such supply, solicitation or sale could be unlawful. This press launch is issued in accordance with and in accordance with Rule 135c beneath the Securities Act.
About Crocs, Inc .:
Crocs, Inc. (Nasdaq: CROX) is a world chief in progressive informal footwear for girls, males and kids, combining consolation and elegance with a worth shoppers know and love. The overwhelming majority of footwear within the Crocs assortment include Croslite ™ materials, a proprietary molded shoe know-how, offering extraordinary consolation with each step. In 2021, Crocs says talking out and being snug aren’t mutually unique.
This press launch comprises “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995. Such statements embody, however are usually not restricted to, statements concerning the proposed word providing. These statements contain dangers, uncertainties and different identified and unknown elements, which can trigger our precise outcomes, efficiency or achievements to vary materially from future outcomes, efficiency or achievements expressed or implied by forward-looking statements. These dangers and uncertainties embody, however are usually not restricted to, the next: dangers and uncertainties related to market situations and the satisfaction of customary closing situations related to the proposed word providing; the COVID-19 pandemic and associated actions by authorities, the non-public sector and particular person shoppers; present world monetary situations, together with the financial impacts ensuing from the COVID-19 pandemic; the impact of competitors in our business; our capability to successfully handle our future progress or decline in revenues; altering client preferences; our capability to take care of and develop our revenues and gross margin; our capability to precisely forecast client demand for our merchandise; our capability to efficiently implement our strategic plans; our capability to develop and promote new merchandise; our capability to acquire and shield mental property rights; the impact of attainable adversarial fluctuations in overseas alternate charges and different worldwide operational dangers; and different elements described within the providing memorandum for the proposed providing and our most up-to-date Annual Report on Kind 10-Okay beneath the heading “Danger Components” and our subsequent filings with the Securities and Trade Fee (the “ DRY”). Readers are inspired to assessment this part and all different disclosures in our paperwork filed with the SEC.
All info contained on this doc is legitimate as of the date of this press launch. We assume no obligation to publicly replace any forward-looking statements, whether or not because of receipt of recent info, future occasions or in any other case, besides as required by relevant legislation.
Cori Lin, Crocs, Inc.
Melissa Layton, Crocs, Inc.
SOURCE Crocs, Inc.