debt
confidence high
sentiment neutral
materiality 0.50
Crocs issues $350M of 4.125% senior notes due 2031 for stock repurchases
Crocs, Inc.
- $350M aggregate principal amount of 4.125% senior notes due 2031.
- Net proceeds to be used for stock repurchases, including accelerated share repurchases, and general corporate purposes.
- Notes are unsecured, guaranteed by certain wholly-owned restricted subsidiaries.
- Offering priced at 100% of principal; closing expected August 10, 2021.