Fossil Group, Inc. Announces Commencement of Exchange Offer, Consent Solicitation and Rights Offering Relating to Its Senior Notes
1. Fossil announces an exchange offer for outstanding senior notes. 2. New Money Participants can receive higher interest First-Out Notes. 3. Supporting Holders represent 60% of Old Notes, indicating strong backing. 4. Rights Offering provides similar benefits tied to new First-Out Notes. 5. Proposed amendments include changing indenture law to England and Wales.