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Article Date: August 2024
Word Count: 135

Crocs’ Debt Upgraded by S&P Global


The ratings agency upgraded the issue-level ratings on CROX senior unsecured notes to BB from BB- and also affirmed its BB issuer credit rating and BBB- term loan rating. The reason for the upgrade was the clogmaker’s paydown of $125 million on its senior secured term loan in the second quarter, resulting in more value available to its ... Log in to view full article.

 


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