Fossil Announces Further Extension of Exchange Offer for Its Senior Notes

Core Viewpoint - Fossil Group, Inc. has extended the expiration date for its Exchange Offer, Consent Solicitation, and Rights Offering related to its 7.00% Senior Notes due 2026 from October 15, 2025, to October 22, 2025, while proceeding with the UK Proceeding as scheduled [2][5][6] Exchange Offer and Consent Solicitation - The principal amount of Old Notes tendered in the Exchange Offer as of October 15, 2025, is $113,057,875, representing 75.37% of the total $150,000,000 [4] - The breakdown of the tendered amounts includes $106,870,250 from New Money participants (71.25%) and $6,187,625 from Non-New Money participants (4.13%) [4] UK Proceeding - A hearing on October 15, 2025, resulted in the approval for Fossil (UK) Global Services Ltd. to convene a meeting of Old Notes holders to vote on the UK Proceeding [5] - The Plan Meeting is scheduled for November 6, 2025, and requires a 75% majority by value of those present and voting for approval [6] Media Report Statement - The company acknowledges a media report regarding a potential IPO of a subsidiary in India but clarifies that it is not currently pursuing such an offering [7][8]