Market Overview

Crocs, Announces Blackstone Agrees to Purchase $200M of Convertible Preferred Stock; Raises Share Buyback to $350M

Crocs (NASDAQ: CROX) today announced that an investment fund affiliated with Blackstone has agreed to purchase $200 million of newly issued series A convertible preferred stock.

In connection with the investment, Crocs intends to revise its capital structure to accommodate a $350 million stock repurchase program approved by its board of directors.

See full press release

Posted-In: News Guidance Financing Buybacks Management Global

 

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