Outdoor Industry  August 5, 2021

Crocs launches $350M private offering

BROOMFIELD — Crocs Inc. (Nasdaq: CROX), the Broomfield-based maker of casual footwear, has begun a $350-million private offering of senior notes.

“Crocs intends to use the net proceeds from the offering of the notes for stock repurchases, which may include accelerated share repurchases, and the remainder, if any, for general corporate purposes, which may include working capital, capital expenditures, repayment of debt and acquisitions,” according to a company news release. 

The notes will be sold to an unidentified institutional investor.

SPONSORED CONTENT

Solar Operations and Maintenance for Commercial Properties

One key qualification to consider when selecting a solar partner to install your system is whether they have an Operations and Maintenance (O&M) or service department. Since solar is a long-term asset with an expected lifecycle of 30 plus years, ongoing O&M should be considered up front. A trusted O&M partner will maximize your system’s energy output and therefor the return on your investment.

Sign up for BizWest Daily Alerts