Loan & DebtJun 22, 2026, 06:36 AM
Birkenstock subsidiary closes €900M Senior Notes offering
AI Summary
Birkenstock Holding plc's indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG, has closed an offering of €900,000,000 in 4.500% Senior Notes due 2033. The gross proceeds will primarily be used to redeem €428.5 million of existing 5.25% Senior Notes due 2029. Additionally, funds may be used to finance potential share repurchases, refinance other existing indebtedness, and for general corporate purposes.
Key Highlights
- Birkenstock Group B.V. & Co. KG closed an offering of €900,000,000 Senior Notes.
- The Notes bear an interest rate of 4.500% per annum.
- The Notes will mature on June 15, 2033.
- Gross proceeds will redeem €428.5 million of outstanding 5.25% Senior Notes due 2029.
- Proceeds may also finance potential share repurchases announced June 15, 2026.
- Remaining proceeds are for refinancing other existing indebtedness and general corporate purposes.
Price Impact
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