Fossil Group enters $150M ABL refinancing and $32.5M debt exchange with noteholders representing 59% of 2026 notes

Fossil Group, Inc.

New $150M asset-based revolver with Ares Management, matures Aug 13, 2030, at SOFR+500bps.
Transaction Support Agreement signed with ~59% holders of 7% Senior Notes due 2026.
New money financing of up to $32.5M in 9.5% First-Out Senior Secured Notes due 2029.
Unsecured notes exchanged at 100% of face for First-Out or 7.5% Second-Out Senior Secured Notes.
Warrants to purchase up to 3M shares at $0.50 per share; backstop commitment by Consenting Noteholders.

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