---
schema_version: "secwatch.filing_event.v1"
accession: "0001334036-21-000204"
form_type: "8-K"
ticker: "CROX"
cik: "0001334036"
company_name: "Crocs, Inc."
filed_at: "2021-12-23T23:59:59+00:00"
generated_at: "2026-06-27T22:32:30.949574+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Crocs acquires HEYDUDE for $2.5B ($2.05B cash + $450M stock)

## Summary
- Total consideration $2.5B: $2.05B cash plus 2,852,280 Crocs shares valued at $450M.
- Financing: $2.0B term loan B facility and $500M backstop revolver from Citigroup.
- Equity shares subject to 12-month lock-up; 50% released after 6 months.
- Closing expected by June 30, 2022, subject to HSR waiting period and customary conditions.
- $125M of cash consideration placed in escrow for 18 months to backstop indemnification.

## SEC filing metadata
- accession: 0001334036-21-000204
- form_type: 8-K
- ticker: CROX
- cik: 0001334036
- company_name: Crocs, Inc.
- filed_at: 2021-12-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334036/000133403621000204/0001334036-21-000204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334036/000133403621000204/crox-20211222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001334036-21-000204
- JSON: https://secwatch.observer/filing/0001334036-21-000204.json
- Plain text: https://secwatch.observer/filing/0001334036-21-000204.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.