We advised the lead arrangers and administrative agent on the refinancing

Davis Polk advised the joint lead arrangers, joint bookrunners and administrative agent in connection with a $1.18 billion senior secured refinancing term loan facility for Crocs. The proceeds of the refinancing term loan facility were used to refinance Crocs’ existing term loan facility in full.

Crocs is a leader in innovative casual footwear for women, men and children. Crocs is one of the world’s largest footwear companies and since 2002 has sold more than 850 million pairs of shoes in more than 85 countries around the world.

The Davis Polk finance team included partner Kenneth J. Steinberg and associates Matthew J. Wiener and Aaron Shubert. All members of the Davis Polk team are based in the New York office.