CROCS, INC. (NASDAQ:CROX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry into a Material Definitive Agreement.
On February 6, 2019, Crocs, Inc. (the “Company”) and its subsidiaries, Crocs Retail, LLC and Jibbitz, LLC, as borrowers, and Western Brands Holding Company, LLC, as guarantor, entered into the Eighteenth Amendment to the Amended and Restated Credit Agreement (the “Amendment”), with the lenders party thereto, KeyBank National Association, as syndication agent, and PNC Bank, National Association, as administrative agent, which amended certain terms of the Amended and Restated Credit Agreement, dated December 16, 2011 (as amended, the “Credit Agreement”). to the Amendment, the Company exercised in full the accordion feature in the Credit Agreement to increase the total commitments under the Credit Agreement by $50 million, resulting in total commitments increasing from $250 million to $300 million.
The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this report is incorporated by reference into this Item 2.03.
Item 9.01.Financial Statements and Exhibits.
Eighteenth Amendment to Amended and Restated Credit Agreement, dated February 6, 2019, among Crocs, Inc., Crocs Retail, LLC, Jibbitz, LLC, the lenders named therein, KeyBank National Association, as syndication agent, and PNC Bank, National Association, as administrative agent.
Crocs, Inc. Exhibit
EX-10.1 2 exhibit101debtamendment18.htm EXHIBIT 10.1 Exhibit Exhibit 10.1EIGHTEENTH AMENDMENT TOAMENDED AND RESTATED CREDIT AGREEMENTThis Eighteenth Amendment to Amended and Restated Credit Agreement (the “Amendment”),…
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About CROCS, INC. (NASDAQ:CROX)
Crocs, Inc. is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s segments include Americas, Asia Pacific and Europe. The Americas segment consists of the product sales in the North and South America geographic regions. The Asia Pacific segment consists of the product sales throughout Asia, Australia, New Zealand, the Middle East and South Africa. The Europe segment consists of the product sales throughout Europe and Russia. The Company’s products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. It sells its products in over 60 countries through domestic and international retailers and distributors, and directly to consumers through its company-operated retail stores, outlets, Webstores and kiosks.
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