Fossil Group, Inc. Announces ABL Refinancing and Transaction Support Agreement for Debt Exchange

RICHARDSON, Texas, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil” or the “Company”) today announced that it has refinanced its ABL and entered into a Transaction Support Agreement providing for an exchange of its outstanding notes. A new $150 million asset-based revolving credit facility with Ares Management Credit funds (the “New ABL Facility”). The new facility has a maturity date of August 13, 2030 and is priced at SOFR plus 500 basis points.A Transaction Support Agreement ...