debt
confidence high
sentiment neutral
materiality 0.60
Crocs expands revolving credit facility by $250M to $1.0B
Crocs, Inc.
- Total revolving commitments increased from $750M to $1.0B; further $400M expansion option available.
- No material changes to financial covenants or interest rates on outstanding borrowings.
- Amendment executed with PNC Bank as administrative agent; lenders include Bank of America, Citibank, HSBC, KeyBank, U.S. Bank, Morgan Stanley.
- Supplemental security documents filed for subsidiaries in Singapore, UK, and Malta; collateral continues to secure all obligations.