Fossil Group’s $325 million revolving credit facility and $425 million term loan facility


Akin Gump advised Fossil Group, Inc. with respect to a $325 million revolving credit facility and $425 million term loan facility. Both have a maturity date of December 31, 2020.

Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company led by Kosta N. Kartsotis, John A. White, Steve Evans and Darren E. Hart is based in Richardson (TX).

The transaction involves multiple jurisdictions around the world, including the United States, Canada, Mexico, Australia and several countries in Europe, Asia and Africa.

The Akin Gump team advising Fossil Group was led by energy and finance partner Phyllis Young (Picture). She was joined by corporate partner Garrett DeVries, energy counsel Jon Boben and energy associates John McEntire and Michelle Moreland.

Involved fees earner: Phyllis Young – Akin Gump; Garrett DeVries – Akin Gump; Jon Boben – Akin Gump; John McEntire – Akin Gump; Michelle Moreland – Akin Gump;

Law Firms: Akin Gump;

Clients: Fossil Group, Inc.;

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Author: Ambrogio Visconti