Fitch corrects Birkenstock release

Fitch Ratings said it corrected the issuer's name in its April 14 Birkenstock release to BK LC Lux Finco 1 Sarl from BK LC Lux SPV Sarl.

The agency also updated the amount of the term loan B issued by Birkenstock Holding BV & Co. KG and included the dollar-denominated term loan B issued by BK LC US Bidco Inc., omitted from the original release.

Fitch Ratings gave BK LC Lux Finco 1 Sarl (Birkenstock) a first-time expected B+ long-term issuer default rating with a stable outlook. It also assigned an expected BB-/RR3 senior secured rating to €325 million term loan B to be issued by Birkenstock Holding and to €750 million-equivalent U.S. dollar term loan to be issued by BK LC US Bidco.

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