Fossil Group Moves Forward with UK Court-Approved Debt Restructuring Plan

Reuters
Oct 23, 2025
Fossil Group Moves Forward with UK Court-Approved Debt Restructuring Plan

Fossil Group Inc. has announced that it will proceed with a restructuring of its 7.00% Senior Notes due 2026 through an English law restructuring plan under Part 26A of the Companies Act 2006. The company has received the necessary consents to adopt amendments to the notes, including changing the governing law to England and Wales. However, Fossil did not reach the required minimum of 90% of valid tenders for its exchange offer by the deadline, receiving only 82.67%. The restructuring will be implemented on substantially the same terms as outlined in the company's prospectus.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fossil Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9550713-en) on October 23, 2025, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10