Birkenstock Announces €900 Million Senior Notes Offering

Birkenstock Holding Plc has announced a successful pricing of its €900 million Senior Notes due 2033, issued by Birkenstock Group B.V. & Co. KG. This offering comes alongside a notice of redemption for the existing €428.5 million 5.25% Senior Notes due 2029 via Birkenstock Financing S.à r.l. The newly issued notes carry an interest rate of 4.500% and are guaranteed on a senior unsecured basis by certain subsidiaries.

The proceeds from this offering aim to redeem the older notes, support potential share repurchases, refinance existing debt, and cover transaction costs. Settlement for these notes is anticipated around June 19, 2026, pending customary conditions. This strategic financial move underscores Birkenstock’s efforts to optimize its debt profile and fund other corporate purposes.