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Fossil Group to offer $125 million $25-par five-year senior notes
By Devika Patel
Knoxville, Tenn., Nov. 1– Fossil Group, Inc. plans to price $125 million of $25-par fixed-rate senior notes due 2026, according to a 424B5 filing with the Securities and Exchange Commission.
The notes may be called at $25.50 per $25 note beginning Nov. 30, 2023 and up to Nov. 30, 2024. Beginning on Nov. 30, 2024 and up to Nov. 30, 2025, the notes may be called at $25.25 per $25 note. Beginning Nov. 30, 2025 and up to maturity the notes may be called at par.
The bookrunners are B. Riley FBR, Inc., Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc.
InspereX is the lead manager and Aegis Capital Corp., Alexander Capital LP, Colliers Securities LLC, Huntington Investment Co., Revere Securities LLC and Wedbush Morgan Securities Inc. are the co-managers.
Proceeds will be used to repay borrowings under the company’s term credit agreement due Sept. 26, 2024.
Fossil is a fashion accessories designer and marketer based in Richardson, Tex.
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