Core Viewpoint - Fossil Group, Inc. has received a Sanction Order from the High Court of Justice of England and Wales, allowing the implementation of a restructuring plan that will cancel existing 7.00% Senior Notes due 2026 and issue new secured senior notes with higher interest rates [1][2] Restructuring Plan Details - The restructuring plan involves the cancellation of the 7.00% Senior Notes due 2026 and the issuance of new 9.500% First-Out First Lien Secured Senior Notes due 2029 and 7.500% Second-Out Second Lien Secured Senior Notes due 2029 [1] - The plan aims to address upcoming debt maturities and provide additional liquidity to support the company's turnaround strategy [2] Company Strategy and Commitment - The CEO emphasized the importance of the High Court's decision as a significant step towards addressing debt issues and enhancing liquidity [2] - The company remains focused on executing a consumer-centric, brand-led model, leveraging its portfolio of iconic brands and 40 years of watchmaking heritage to drive long-term profitable growth [2] Additional Information - Further details regarding the restructuring plan and its terms can be accessed through the Plan Website set up by Epiq Corporate Restructuring, LLC [3][4] - The company has filed registration statements with the SEC related to the restructuring plan, which include a prospectus for potential investors [5][6]