Note 5: Subsequent Events

On July 14, 2025, Parent and Subsidiaries closed into escrow an offering of €1.0 billion aggregate principal amount of 5.250% Senior Secured Notes due 2032 (the “Senior Secured Notes”) and $2.2 billion aggregate principal amount of 10.000% / 10.750% Senior PIK Toggle Notes due 2033 (the “Senior PIK Toggle Notes” and, together with the Senior Secured Notes, the “Notes”).

On September 12, 2025, the Company acquired Skechers and, pursuant to the Merger Agreement, Merger Sub merged with and into Skechers with Skechers continuing as the surviving corporation. The escrowed proceeds were used to fund a portion of the cash purchase price of the Merger and to pay related fees and expense. Parent and Subsidiaries also entered into a credit agreement which provides for (i) a $1,555.0 million USD first lien term loan facility and €1,250.0 million Euro first lien term loan facility, for an aggregate USD equivalent of $3,005.0 million (together, the “Term Loan Facility”) and (ii) a $1,600.0 million first lien cash flow revolving facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Secured Credit Facilities”).