Milbank Advises Initial Purchasers on €900M Offering of Senior Notes by Birkenstock Group B.V. & Co. KG.

Milbank LLP represented the initial purchasers in connection with the offering by Birkenstock Group B.V. & Co. KG of €900 million 4.500% senior notes due 2033.

Birkenstock Group B.V. & Co. KG will use the gross proceeds from the offering to, directly or indirectly, redeem the existing notes, including any accrued and unpaid interest thereon, financing any share repurchases or refinancing other existing indebtedness of Group companies and general corporate purposes, as well as to pay fees and expenses associated with the transactions.

Birkenstock is a revered global brand renowned for crafting high-quality, durable footwear. With a proud heritage that dates back to 1774, Birkenstock has evolved into one of the foremost footwear brands in the world.

The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Ana Grbec with special counsel Melanie Probst and associates Harsh Sunder and João Martins, and European Leveraged Finance/Capital Markets partner Suhrud Mehta, with special counsel Michael Gatter and associates Katherine Williams and Irene Vazquez Scortti. The team was supported by Global Leveraged Finance partner Thomas Ingenhoven, Corporate Finance and Securities partner Philipp Kloeckner, special counsel Nico Feuerstein and associates Miriam Arimond, Moritz Suchy and Janik Brem in Frankfurt and Munich. The team also included London Tax partner Alan Rafferty and associate Max Norman and New York Tax partner Eschi Rahimi-Laridjani and associate Erika Jensen.