3G Capital closes $63/57+unit acquisition of Skechers; SKX delisted from NYSE

Beach Acquisition Co Parent, LLC

Skechers shareholders received $63 cash per share or $57 cash plus one Parent Unit.
Acquisition financed with $3.005B term loans, $1.6B revolver, €1B 5.25% senior secured notes due 2032, and $2.2B 10%/10.75% PIK notes due 2033.
Skechers stock ceases trading on NYSE (SKX) as of September 12, 2025.
Robert Greenberg remains CEO; Michael Greenberg as President; new board includes Alexandre Behring and Daniel S. Schwartz.
Legacy holders receive Parent Units with transfer restrictions, tag-along/drag-along rights, and ability to request IPO or sale after five years.

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