Samsonite Secures Debt Refinancing to Extend Loan Maturities
Reuters
Nov 03
Samsonite Secures Debt Refinancing to Extend Loan Maturities
Samsonite International SA has announced the successful refinancing of its senior notes and senior credit facilities, extending the maturities of its corporate debt. The company's new debt structure includes a term loan A facility with a 5-year maturity, a term loan B facility with a 7-year maturity, and senior notes due in 7.25 years. The refinancing, which was well received in the debt markets, does not significantly change the company's cash interest expense and modestly increases available liquidity. The company also plans to implement an interest rate swap strategy to maintain a balanced exposure between fixed and floating interest rates. The closing of the senior credit facilities is expected around November 6, 2025, with the senior notes set to be issued around November 11, 2025.
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