Daily News: October 19, 2017

PNC Agents Crocs Facility Upsize to $100MM


Crocs and its subsidiaries amended their credit facility agented by PNC Bank to increase the aggregate amount from $80 million to $100 million.

According to a related 8-K filing, KeyBank joined the lender group under the revolving credit facility.

The 14th amendment to the facility also permits certain intercompany loans of up to $375 million and amends certain other provisions to be more favorable to the company.