Fossil Group, Inc 7.00% Senior Notes Due 11/30/2026 (FOSLL)
NGS · · CUSIP 34988V304
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Security Details

Coupon Rate
7.00%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
11/30/2025
Maturity Date
11/30/2026
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.75
Distribution Dates
2/28, 5/31, 8/31 & 11/30
Credit Ratings
Moody's NR · S&P CCC (4/18/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
34988V304
Market Cap
Small Cap
IPO
11/1/2021 · $25/share
Parent Company
Fossil Group, Inc (FOSL)
Business: Fossil Group, Inc.. 7.00% Senior Notes Due 2026, issued in $25 denominations, redeemable at the issuer's option, after 11/30/2023 but prior to 11/30/2024 at $25.50 (102%) plus accrued and unpaid interest, after 11/30/2024 but prior to 11/30/2025 at $25.25 (101%) plus accrued and unpaid interest, after 11/30/2025 at $25.00 (100%) plus accrued and unpaid interest and maturing 11/30/2026. <p> Interest distributions of 7.00% per annum ($1.75 per annum or $0.4375 per quarter) will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date that will be (__) (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.<p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was not rated by Moody’s and ratinged B by S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Company Contact

CEO
Kosta N. Kartsotis
CFO
Sunil M. Doshi
Headquarters
901 S. Central Expressway, Richardson, TX 75082
Phone
972-234-2525 · Toll-Free 855-336-7745
Investor Relations
Allison Malkin, ICR Inc. · 203-682-8225 · ir@fossil.com
SEC EDGAR Filings
View filings »