Birkenstock Group Initiates €900 Million Senior Notes Offering

Birkenstock Holding plc, trading on NYSE as BIRK, has announced a €900 million senior note offering due in 2033. The wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG, is spearheading this financial move. The notes will be unsecured and are backed by certain subsidiaries. They will be listed on The International Stock Exchange. The primary goal is to redeem existing 5.25% Senior Notes due 2029 and manage share repurchases announced. Additionally, funds will cover general corporate needs and amend current term and revolving facilities.

The offering targets qualified institutional buyers in the U.S. under Rule 144A and non-U.S. persons under Regulation S, with restrictions on retail investors across EEA and the UK. Birkenstock emphasizes that the issuance may not conclude under specified terms. The senior notes aren't registered under the U.S. Securities Act and are barred from sale within the U.S., Canada, Japan, and Australia due to legal restrictions.