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March 8, 2021, 7:31 a.m. EST

Crocs to offer $300 million of 8-year bonds

Crocs Inc. (NAS:CROX) said Monday it has launched an offering of $300 million of 8-year bonds, with proceeds to be used to repay up to $180 million of a revolving credit facility and for general corporate purposes. Shares of the casual footwear maker were up 1.5% premarket and have gained 211% in the last 12 months, while the S&P 500 (S&P:SPX) has gained 29%.

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