Reuters first with news TOMS Shoes creditors to take over company

27 December 2019, 12:00 am. 1 minute

Reuters broke the news that TOMS Shoes LLC’s creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt. Credit ratings agencies had warned that TOMS, which is known for its charitable giving, would not have been able to repay a $300 million loan due in 2020 without renegotiating it with its creditors.

Article Tags

Type: Reuters Best

Sectors: Equities

Regions: Americas

Share this article

Work Email Address *

Country *

I'd like to receive communications about Reuters resources, events, products, or services.

(Please note you can manage and update your preferences at any time.) By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement.

By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement. * required field

Work Email Address *

Country *

Reuters first with news TOMS Shoes creditors to take over company

More of Reuters Best

Reuters exclusively reports Indian sugar mills to close early as rain hits cane supply; sugar futures jump; shares fall

Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24

Reuters exclusively reveals Chile copper output growth to slow as mining projects face delays

Reuters reveals Unilever’s dominance in India helps it raise prices, pinching rural poor