{"schema_version":"secwatch.filing_event.v1","accession":"0001334036-23-000146","form_type":"8-K","ticker":"CROX","cik":"0001334036","company_name":"Crocs, Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.645514+00:00","generated_at":"2026-06-12T01:10:25.521879+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Crocs refinances $1.18B term loans, extends maturity to 2029 at lower margins","bullets":["New $1.18B 2029 term loan tranche replaces all outstanding loans under Feb 2022 credit agreement.","Interest rate reduced: Term SOFR + 3% or Alternate Base Rate + 2%, down from prior spreads.","Amendment executed Aug 8, 2023 with Citibank as administrative agent and subsidiary guarantors."],"urls":{"canonical":"https://secwatch.observer/filing/0001334036-23-000146","json":"https://secwatch.observer/filing/0001334036-23-000146.json","markdown":"https://secwatch.observer/filing/0001334036-23-000146.md","text":"https://secwatch.observer/filing/0001334036-23-000146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1334036/000133403623000146/0001334036-23-000146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1334036/000133403623000146/crox-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T01:10:25.521879+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d8732d46c2381ed3924936bfe56110d77f9c8939","claim":"Crocs, Inc. incurred term loan of $1.18 billion with Citibank, N.A., as administrative agent at Alternate Base Rate plus 2% and Adjusted Term SOFR Rate plus 3% maturing 2029.","evidence_excerpt":"The Amendment (i) provides for a new $1.18 billion tranche of term loans maturing in 2029 (the “2023 Refinancing Term Loans”) and (ii) reduces the interest rate margins applicable to the approximately $1.18 billion outstanding under the term loan B facility such that each term loan borrowing which is (1) an alternate base rate borrowing will bear interest at a rate per annum equal to the Alternate Base Rate (as defined in the Term Loan B Credit Agreement), plus 2%, and (2) a term benchmark borrowing will bear interest at a rate per annum equal to (a) the Adjusted Term SOFR Rate (as defined in the Term Loan B Credit Agreement), plus (b) 3%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1334036/000133403623000146/0001334036-23-000146-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.18 billion"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent"},{"label":"Rate","value":"Alternate Base Rate plus 2% and Adjusted Term SOFR Rate plus 3%"},{"label":"Maturity","value":"2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"789f30a1287adb61f3dc0edaaeeb7da1df7efe82","claim":"Crocs, Inc. amended Refinancing Amendment with Citibank, N.A., as administrative agent valued at $1.18 billion (effective 2023-08-08).","evidence_excerpt":"On August 8, 2023, Crocs, Inc. (the “Company”), the subsidiary guarantors party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”), entered into a Refinancing Amendment (the “Amendment”) to the Term Loan Credit Agreement, dated February 17, 2022, among Crocs, Inc., the lenders from time to time party thereto and the Administrative Agent","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1334036/000133403623000146/0001334036-23-000146-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent"},{"label":"Value","value":"$1.18 billion"},{"label":"Effective","value":"2023-08-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}