Loan & DebtJun 16, 2026, 12:31 PM
Birkenstock prices €900M Senior Notes due 2033; redeems €428.5M notes
AI Summary
Birkenstock Holding plc announced the successful pricing of €900 million in 4.500% Senior Notes due 2033 by its indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG. The gross proceeds will primarily be used to redeem €428.5 million of outstanding 5.25% Senior Notes due 2029 at par, including accrued interest. Remaining proceeds may finance potential share repurchases announced on June 15, 2026, or refinance other existing indebtedness and for general corporate purposes. Settlement of the new notes is expected on June 19, 2026, with the redemption conditional upon this closing.
Key Highlights
- Birkenstock priced €900,000,000 of 4.500% Senior Notes due 2033.
- Notes issued by Birkenstock Group B.V. & Co. KG, an indirect wholly-owned subsidiary.
- Proceeds will redeem €428.5 million of 5.25% Senior Notes due 2029 at par.
- Redemption of existing notes is scheduled for June 26, 2026.
- Remaining proceeds for potential share repurchases or other debt refinancing and general corporate purposes.
- Settlement of new notes expected on June 19, 2026.
- Application for listing on The International Stock Exchange.
Price Impact
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