CROCS, INC. SECURES NEW ASSET-BACKED CREDIT FACILITY

"NIWOT, COLORADO - September 30, 2009 - Crocs, Inc. (NASDAQ: CROX) announced today that the Company entered into a new asset-backed revolving credit facility with PNC on September 25, 2009.  The agreement provides for up to $30 million in revolving loans which may be used for working capital needs and other items, as stipulated in the agreement.  Certain of the Company’s subsidiaries were co-borrowers under the agreement." Read the full release at http://bit.ly/aCyHj .

This is another positive piece of the puzzle falling into place for Crocs. As I mentionned earlier this week, I expect the company to show a stellar balance sheet for the quarter ending today. The company increased the size of this facility versus the size of the facility it paid back in the second quarter. This indicates the business is on the mend.