debt
confidence high
sentiment negative
materiality 0.70
Fossil extends note exchange to Oct 22; UK court approves plan meeting; no Indian IPO
Fossil Group, Inc.
- Exchange offer, consent solicitation, and rights offering extended to 5pm NY time Oct 22; 75.37% ($113M) of $150M notes tendered as of Oct 15.
- UK High Court granted order to convene plan meeting for Nov 6 to vote on UK restructuring; sanction hearing set for Nov 10.
- Company states it is not currently pursuing an IPO of its India subsidiary, contrary to recent media report.