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Article Date: March 2021
Word Count: 141

Crocs Expands Debt Offering

Crocs wants to sell $350 million 4.250% senior notes due 2029 in a private offering priced at 100% of the principal amount, upsized from $300 million initially, with $180 million of the proceeds going to repay outstanding borrowings under its revolver. The remainder will be used for general corporate purposes. Moody’s rated the notes B1, and assigned a Ba3 corporate family rating to the clogmaker with a stable outlook. Standard & ... Log in to view full article.


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