---
schema_version: "secwatch.filing_event.v1"
accession: "0001334036-22-000014"
form_type: "8-K"
ticker: "CROX"
cik: "0001334036"
company_name: "Crocs, Inc."
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:31:59.786424+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crocs closes HEYDUDE acquisition for $2.05B cash plus 2.85M shares

## Summary
- Total consideration: $2.05 billion cash plus 2,852,280 Crocs shares subject to 12-month lock-up with 50% release at 6 months.
- Acquisition financed via new $2.0B Term Loan B facility (due 2029) and expanded $600M revolver (from $500M) with PNC.
- $125M cash placed in escrow for 18 months to secure seller indemnification obligations.
- Hey Dude LLC, Happy One, and Lucky Top became Crocs subsidiaries and additional guarantors on existing notes.

## SEC filing metadata
- accession: 0001334036-22-000014
- form_type: 8-K
- ticker: CROX
- cik: 0001334036
- company_name: Crocs, Inc.
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334036/000133403622000014/0001334036-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334036/000133403622000014/crox-20220217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001334036-22-000014
- JSON: https://secwatch.observer/filing/0001334036-22-000014.json
- Plain text: https://secwatch.observer/filing/0001334036-22-000014.txt

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