Golden Goose SpA, a provider of luxury, lifestyle, and sportswear products, plans to sell â¬480 million ($544 million) of senior secured floating-rate notes maturing in six years.
Initial price thoughts are in the area of low 400 basis points over the benchmark. The company, which specialises in designing and distributing sneakers, apparel, bags, and other accessories to customers worldwide, intends to use proceeds from the offering to refinance existing debt.
The notes are expected to be rated B1 by Moodyâs Ratings and BB- by S&P Global Ratings. J.P. Morgan is acting as global coordinator and physical bookrunner for the transaction.
The company is holding small group meetings with investors on Tuesday, May 6 and Wednesday, May 7.
By Dana El Baltaji
Learn more:
Golden Goose Reports Double-Digit Sales Growth in 2024
The private equity-backed luxury sneaker maker is focusing on maintaining momentum after abruptly shelving plans for an IPO last year, citing the luxury marketâs volatility.