Birkenstock Announces Potential Share Buyback and Debt Refinancing

Birkenstock Holding plc has announced potential strategic financial decisions involving share buybacks and debt refinancing. The company may repurchase up to $500 million worth of shares, including those from BK LC Lux MidCo S.à r.l. These transactions could occur in open markets or through direct negotiations, subject to market conditions and Birkenstock's financial standing. If deemed commercially unfeasible, funds may be redirected towards debt refinancing or general corporate purposes.

In conjunction with these announcements, amendments to the Term and Revolving Facilities Agreement are anticipated. Set to release existing liens and security interests, these amendments are contingent upon transaction completions. Additionally, Birkenstock's cash position as of June 1, 2026, stands at approximately €176 million, following an accelerated share repurchase and operational cash inflows.