Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Crocs, Inc. amended revolving credit of $750 million with PNC Bank, National Association, as administrative agent maturing November 30, 2027.
- Instrument
- revolving credit
- Principal
- $750 million
- Counterparty
- PNC Bank, National Association, as administrative agent
- Maturity
- November 30, 2027
- Event
- amendment
Exact text from the filing
Pursuant to the Fifth Amendment, the Credit Agreement was amended to, among other things, (i) increase the total commitments under the PNC Credit Agreement by $150 million to $750 million, with the ability to increase total commitments by up to an additional $250 million (subject to certain conditions), (ii) extend the maturity date of the Credit Agreement to November 30, 2027, (iii) allow for certain alternative currency borrowings and (iv) amend certain other provisions to be more favorable to the Company.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Crocs, Inc. amended Fifth Amendment to the Second Amended and Restated Credit Agreement with the lenders party thereto, Bank of America, N.A., London Branch, as alternative currency swing loan lender and PNC Bank, National Association, as administrative agent, U.S. dollar swing loan lender and issuing lender valued at $150 million increase to $750 million (effective 2022-11-30).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto, Bank of America, N.A., London Branch, as alternative currency swing loan lender and PNC Bank, National Association, as administrative agent, U.S. dollar swing loan lender and issuing lender
- Value
- $150 million increase to $750 million
- Effective
- 2022-11-30
Exact text from the filing
On November 30, 2022, Crocs, Inc. (the “Company”) and its subsidiaries, Crocs Retail, LLC, Jibbitz, Inc., Colorado Footwear C.V. and Crocs Europe B.V., as borrowers, and the guarantors named therein, entered into the Fifth Amendment to the Second Amended and Restated Credit Agreement (the “Fifth Amendment”), with the lenders party thereto, Bank of America, N.A., London Branch, as alternative currency swing loan lender and PNC Bank, National Association, as administrative agent, U.S. dollar swing loan lender and issuing lender, which amended certain terms of the Second Amended and Restated Credit Agreement
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