Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Shoe Manufacturer Birkenstock Announces €850 Million Refinancing
- Client News
- May 28, 2024
Practices
Paul, Weiss is advising Birkenstock Holding plc, the parent company of global foot health brand BIRKENSTOCK, in its approximately €850 million refinancing of its existing credit facilities. The new facilities are provided by a syndicate of nine banks and include a €375 million term loan, a $280 million term loan and a €225 revolving credit facility. In connection with this refinancing, Birkenstock is reducing the outstanding amount of term loans by approximately $50 million.
The Paul, Weiss team is led by corporate partners Neel Sachdev, Matthew Merkle and Kanesh Balasubramaniam, and includes partners Suhan Shim and Robert Zochowski; and tax partner Cian O’Connor, and counsel Samir Kurani and Patrick Karsnitz.