Crocs Inc. announced the commencement of a $350 million offering of senior notes due 2031 in a private offering, subject to market and other customary conditions. The notes will be guaranteed, jointly and severally, on an unsecured basis, by certain of Crocs’ wholly-owned restricted subsidiaries.

Crocs intends to use the net proceeds from the offering of the notes for stock repurchases, which may include accelerated share repurchases, and the remainder, if any, for general corporate purposes, which may include working capital, capital expenditures, repayment of debt and acquisitions.

Photo courtesy Crocs