On August 12, 2021, Wolverine World Wide, Inc.
(the “Company”) announced the pricing of its offering of $550 million aggregate principal amount of 4.000% Senior Notes
due 2029 in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “144A Offering”).
The Company intends to use the net proceeds from the 144A Offering, together with borrowings under its amended senior credit facility,
to redeem all of its outstanding 5.000% Senior Notes due 2026 and 6.375% Senior Notes due 2025 and pay all related fees and expenses.
The offering is expected to close on August 26, 2021, subject to customary closing conditions.
A copy of the press release announcing the pricing
of the 144A Offering is filed as Exhibit 99.1 to this Current Report and incorporated by reference herein.
FORWARD-LOOKING STATEMENTS
This Current Report contains forward-looking statements,
including statements regarding the Company’s use of proceeds of the 144A Offering. In addition, words such as “estimates,”
“anticipates,” “believes,” “forecasts,” “step,” “plans,” “predicts,”
“focused,” “projects,” “outlook,” “is likely,” “expects,” “intends,”
“should,” “will,” “confident,” variations of such words, and similar expressions are intended to identify
forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions
(“Risk Factors”) that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. Risk Factors
include, among others: the effects of the COVID-19 pandemic on the Company’s business, operations, financial results and liquidity,
including the duration and magnitude of such effects, which will depend on numerous evolving factors that the Company cannot currently
accurately predict or assess, including: the duration and scope of the pandemic; the negative impact on global and regional markets, economies
and economic activity, including the duration and magnitude of its impact on unemployment rates, consumer discretionary spending and levels
of consumer confidence; actions governments, businesses and individuals take in response to the pandemic; the effects of the pandemic,
including all of the foregoing, on the Company’s distributors, manufacturers, suppliers, joint venture partners, wholesale customers
and other counterparties, and how quickly economies and demand for the Company’s products recover after the pandemic subsides; changes
in general economic conditions, employment rates, business conditions, interest rates, tax policies and other factors affecting consumer
spending in the markets and regions in which the Company’s products are sold; the inability for any reason to effectively compete
in global footwear, apparel and consumer-direct markets; the inability to maintain positive brand images and anticipate, understand and
respond to changing footwear and apparel trends and consumer preferences; the inability to effectively manage inventory levels; increases
or changes in duties, tariffs, quotas or applicable assessments in countries of import and export; foreign currency exchange rate fluctuations;
currency restrictions; supply chain or other capacity constraints, production disruptions, quality issues, price increases or other risks
associated with foreign sourcing; the cost and availability of raw materials, inventories, services and labor for contract manufacturers;
labor disruptions; changes in relationships with, including the loss of, significant wholesale customers; risks related to the significant
investment in, and performance of, the Company’s consumer-direct operations; risks related to expansion into new markets and complementary
product categories; the impact of seasonality and unpredictable weather conditions; changes in general economic conditions and/or the
credit markets on the Company’s distributors, suppliers and retailers; increases in the Company’s effective tax rates; failure
of licensees or distributors to meet planned annual sales goals or to make timely payments to the Company; the risks of doing business
in developing countries, and politically or economically volatile areas; the ability to secure and protect owned intellectual property
or use licensed intellectual property; the impact of regulation, regulatory and legal proceedings and legal compliance risks, including
compliance with federal, state and local laws and regulations relating to the protection of the environment, environmental remediation
and other related costs, and litigation or other legal proceedings relating to the protection of the environment or environmental effects
on human health; the potential breach of the Company’s databases or other systems, or those of its vendors, which contain certain
personal information, payment card data or proprietary information, due to cyberattack or other similar events; problems affecting the
Company’s supply chain or distribution system, including service interruptions at shipping and receiving ports; strategic actions,
including new initiatives and ventures, acquisitions and dispositions, and the Company’s success in integrating acquired businesses,
and implementing new initiatives and ventures, including the Company’s acquisition of the Sweaty Betty brand; the risk of impairment
to goodwill and other intangibles; changes in future pension funding requirements and pension expenses; and additional factors discussed
in the Company’s reports filed with the Securities and Exchange Commission and exhibits thereto. The foregoing Risk Factors, as
well as other existing Risk Factors and new Risk Factors that emerge from time to time, may cause actual results to differ materially
from those contained in any forward-looking statements. Given these or other risks and uncertainties, investors should not place undue
reliance on forward-looking statements as a prediction of actual results. Furthermore, the Company undertakes no obligation to update,
amend, or clarify forward-looking statements.