secwatch.observer — SEC 8-K summary
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Issuer:     Fossil Group, Inc. (FOSL)
CIK:        0000883569
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001193125-25-280531
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fossil Group completes debt restructuring; $150M old notes cancelled, new notes and warrants issued
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883569/000119312525280531/0001193125-25-280531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883569/000119312525280531/d895497d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-280531

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