Birkenstock Plans €900 Million 7-Year Bond for Debt Replacement and Buybacks
Updated
Updated · Bloomberg · Jun 15
Birkenstock Plans €900 Million 7-Year Bond for Debt Replacement and Buybacks
1 articles · Updated · Bloomberg · Jun 15
Summary
€900 million of seven-year notes callable after three years would mark Birkenstock’s first bond sale in more than five years, according to a person familiar with the plan.
The German footwear maker is preparing the deal to refinance existing debt while keeping room for additional share buybacks.
Investor outreach starts Monday with a call on the transaction, followed by further meetings through Tuesday as Birkenstock gauges demand before launch.