Shoe Manufacturer Birkenstock Announces €850 Million Refinancing

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 partner Suhan Shim; and tax partner Cian O’Connor, and counsel Samir Kurani and Patrick Karsnitz.