secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crocs, Inc. (CROX)
CIK:        0001334036
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001334036-21-000204
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334036/000133403621000204/0001334036-21-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334036/000133403621000204/crox-20211222.htm
  HTML page:      https://secwatch.observer/filing/0001334036-21-000204

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer