Fossil extends credit facility maturity to Nov 2027, adds IP to borrowing base

Fossil Group, Inc.

Maturity extended to November 8, 2027, unless other debt over $35 million matures earlier.
Borrowing base now includes intellectual property value; seasonal increases to advance rates.
Amendment No. 4 to existing Credit Agreement dated September 26, 2019.
Parties include Fossil Group, subsidiaries, and JPMorgan Chase Bank as administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fossil Group, Inc. amended Amendment No. 4 with JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto (effective 2022-11-08).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto
Effective: 2022-11-08

Exact text from the filing

On November 8, 2022, Fossil Group, Inc. (the “Company”) entered into Amendment No. 4 (the “Amendment”) to the Credit Agreement, dated as of September 26, 2019 among the Company, as a U.S. borrower and borrower representative, certain subsidiaries of the Company party thereto as borrowers and guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto.

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Fossil Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-116684

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