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.