Samsonite Group S.A. (the 「Company,」 stock code: 1910) has announced the issuance of €350 million in 4.375% Senior Notes Due 2033 through its indirect wholly owned subsidiary, Samsonite Finco S.à r.l. (the 「Senior Notes Due 2033」). The issuance is intended to refinance the Company’s existing €350 million Senior Notes Due 2026, together with affiliated fees and expenses, using proceeds drawn from the new senior credit facilities and existing cash.
Samsonite Finco S.à r.l. and certain subsidiaries of the Company entered into a purchase agreement on October 30, 2025, and the new notes are expected to be issued on or about November 11, 2025. The notes will be guaranteed on a senior subordinated basis by the Company and designated subsidiaries, with a maturity date of February 15, 2033. The new notes bear interest at 4.375% per annum, payable semi-annually, and will be secured by second-ranking pledges over specified shared collateral.
Separately, on October 31, 2025, the Company completed syndication and allocation of its amended and restated senior credit facilities, which include a new revolving credit facility of US$850 million as well as new term loan facilities with an aggregate value of US$1,294 million. The term loan A portion will total US$800 million, and the term loan B portion will total US$494 million. The revised maturity dates extend certain existing senior credit facilities, with the new term loan A and revolving credit facility maturing on November 6, 2030, and the term loan B facility maturing on November 6, 2032.
The interest rates for the new term loan A and revolving credit facilities are determined by either the Company’s first lien net leverage ratio or corporate ratings, and start from SOFR plus 1.125% (or a base rate plus 0.125%) for the initial period. The new term loan B facility carries an interest rate of SOFR plus 1.75% (or a base rate plus 0.75%) and was issued at an original price of 99.5%. The Company anticipates closing on the new senior credit facilities on or about November 6, 2025.