Fossil Group To Raise $125M Via Debt Offering

Fossil Group Inc FOSL has announced an underwritten registered public offering of $125 million of senior notes due 2026.
The company expects to grant the underwriters a 30-day option to purchase an additional $5.0 million of Notes.
Fossil intends to use the net proceeds of the offering to repay borrowings under its Term Credit Agreement.
B. Riley Securities, Inc, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and William Blair & Co, L.L.C. are acting as book-running managers for this offering.
Price Action: FOSL shares closed higher by 6.35% at $12.57 on Monday.

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