{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-280531","form_type":"8-K","ticker":"FOSL","cik":"0000883569","company_name":"Fossil Group, Inc.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.466024+00:00","generated_at":"2026-05-16T20:44:57.468061+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fossil Group completes debt restructuring; $150M old notes cancelled, new notes and warrants issued","bullets":["All $150M outstanding 7.00% Senior Notes due 2026 cancelled; replaced with 9.500% First-Out Notes due 2029 and 7.500% Second-Out Notes due 2029.","New money participants invested $32.5M cash, receiving $32.5M First-Out Notes and 954,070 common shares.","Supporting holders received $1.625M First-Out Notes as backstop premium; ~3M warrants issued exercisable at $0.50/share until Dec 15, 2025.","Non-new money participants exchanged $29.8M old notes for Second-Out Notes; consent premium of $53,858 Second-Out Notes paid.","ABL credit agreement amended; intercreditor agreements executed governing lien priorities among ABL, First-Out, and Second-Out lenders."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-280531","json":"https://secwatch.observer/filing/0001193125-25-280531.json","markdown":"https://secwatch.observer/filing/0001193125-25-280531.md","text":"https://secwatch.observer/filing/0001193125-25-280531.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883569/000119312525280531/0001193125-25-280531-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883569/000119312525280531/d895497d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:44:57.468061+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b1c6cbc0d6bfcf4a67fc5ca6b8c9cdb94a0c7e73","claim":"Fossil Group, Inc. incurred senior notes of $32,500,000 aggregate principal amount of 9.500% First-Out First Lien Secured Senior Notes due 2029 with Wilmington Trust, National Association at 9.500% maturing January 1, 2029.","evidence_excerpt":"Noteholders that participated in the Rights Offering and Exchange Offer (the “New Money Participants”) (i) provided an aggregate of $32,500,000 of incremental, new money financing in exchange for (x) $32,500,000 aggregate principal amount of 9.500% First-Out First Lien Secured Senior Notes due 2029 (the “First-Out Notes\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000119312525280531/0001193125-25-280531-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$32,500,000 aggregate principal amount of 9.500% First-Out First Lien Secured Senior Notes due 2029"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"9.500%"},{"label":"Maturity","value":"January 1, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}