Birkenstock Holding plc launched a €900 million offering of senior notes due 2033. This transaction marks the German footwear company’s first bond sale in more than five years.
The company will use the proceeds to refinance existing 5.25% senior notes due in 2029. Funds will also support a potential repurchase of up to $500 million in ordinary shares.
Buyback timing and volume remain subject to market conditions and corporate liquidity. Birkenstock shares rose slightly in premarket trading following the announcement.