December 17, 2017 3:09 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Ocean Minded, Inc.

Company Overview

Ocean Minded, Inc. designs, manufactures, and sells footwear, apparel, and accessories for men and women. The company offers leather and EVA-based sandals, as well as boots and shoes. It also sells its products online through its platform oceanminded.com. The company serves surf, beach, adventure, and action sports markets. It sells its footwear through a network of retailers in the United States and distributors overseas. The company was founded in 1996 and is based in San Clemente, California. Ocean Minded, Inc. operates as a subsidiary of Crocs, Inc.

3005 South El Camino Real

San Clemente, CA 92673

United States

Founded in 1996

Phone:

949-369-5057

Fax:

949-369-5058

Key Executives for Ocean Minded, Inc.

General Manager
Compensation as of Fiscal Year 2017.

Ocean Minded, Inc. Key Developments

Crocs, Inc., Crocs Retail, LLC, Ocean Minded, Inc., Jibbitz, LLC and Bite, Inc. Enter into Eleventh Amendment to the Amended and Restated Credit Agreement

On February 18, 2016, Crocs, Inc. and its subsidiaries, Crocs Retail, LLC, Ocean Minded, Inc., Jibbitz, LLC and Bite, Inc., as borrowers and Western Brands Holding Company, LLC, as guarantor entered into the Eleventh Amendment to the Amended and Restated Credit Agreement, dated December 16, 2011 with PNC Bank, National Association, as lender and administrative agent. The Amendment, among other things, extends the maturity date of the Credit Agreement to February 18, 2021. The Amendment also reduces the borrowing capacity from $100 million to $75 million with PNC as the sole lender. Further, the Amendment modifies the fixed charge coverage ratio and leverage ratio covenants to be more favorable to the Company, including that such financial covenants are now only applicable if the borrowers exceed certain borrowing levels. The Amendment also modifies the interest rate and certain fees due in connection with the Credit Agreement as well as other covenants contained in the Credit Agreement.

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