Birkenstock Group B.V. & Co. KG, a subsidiary of Birkenstock Holding plc, has issued € 900,000,000 senior notes. The notes bear interest at a rate of 4.5%, payable semi-annually in arrear, and mature in June 2033. The notes are guaranteed by certain subsidiaries of Birkenstock Holding plc. The proceeds from the notes are used to, among other things, redeem outstanding notes and finance share repurchases.
The notes were issued in 144A/Reg S format and placed in private placements with institutional investors.
Paul, Weiss acted as lead counsel to Birkenstock. Hengeler Mueller advised Birkenstock on the German law aspects of the transaction.
Hengeler Mueller team for Birkenstock Group
Capital Markets/Finance: Pascal Brandt, Henning Hilke (both partner, both lead), Simon Tänzer (senior associate), Til Kopietz (associate, all Frankfurt),
Tax: Sebastian Adam (partner), Karl Hummel (associate, both Frankfurt).
