Crocs initiates $300M private offering
BROOMFIELD — On the heels of its best sales year ever in 2020, Crocs Inc. (Nasdaq: CROX) announced Monday the commencement of a $300 million private offering.
“Crocs intends to use the net proceeds from the offering of the notes to repay up to $180 million of outstanding borrowings under Crocs’ revolving credit facility and the remainder for general corporate purposes, which may include working capital, capital expenditures, stock repurchases and acquisitions,” according to a company disclosure.
The notes will be due in 2029.
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BROOMFIELD — On the heels of its best sales year ever in 2020, Crocs Inc. (Nasdaq: CROX) announced Monday the commencement of a $300 million private offering.
“Crocs intends to use the net proceeds from the offering of the notes to repay up to $180 million of outstanding borrowings under Crocs’ revolving credit facility and the remainder for general corporate purposes, which may include working capital, capital expenditures, stock repurchases and acquisitions,” according to a company disclosure.
The notes will be due in 2029.
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