Crocs Inc

-1.10 (-1.16%)
Debt Financing / Related, Other Pre-Announcement

Crocs To Acquire Casual Footwear Brand Heydude

Published: 12/23/2021 12:53 GMT
Crocs Inc (CROX) - Crocs, Inc. to Acquire Casual Footwear Brand Heydude™.
Crocs Inc - Transaction Expected to Be Immediately Accretive to 2022 Revenue Growth, Operating Margin and Earnings.
Crocs Inc - Deal for Purchase Price of $2.5 Billion.
Crocs Inc - Deal Will Be Funded by $2.05 Billion in Cash and $450 Million in Crocs Shares Issued to CEO Alessandro Rosano.
Crocs Inc - Upon Completion of Transaction, Heydude Will Operate As a Standalone Division.
Crocs - Expect to Enter Into $2.0 Billion Term Loan B Facility & Borrow $50 Million Under Co's Existing Senior Revolving Credit Facility.