Gibson Dunn Advised J.P. Morgan On €1 Billion And $2.2 Billion Notes For Skechers Acquisition

Posted on By Legal 60

Gibson Dunn advised J.P. Morgan on €1 billion and $2.2 billion notes for Skechers acquisition

Gibson Dunn advised J.P. Morgan and other initial purchasers on the offering of euro- and dollar-denominated senior notes by Beach Acquisition Bidco, LLC, an affiliate of 3G Capital Partners L.P., in connection with 3G Capital’s previously announced acquisition of Skechers U.S.A., Inc..

The transaction included:

  • €1 billion 5.250% Senior Secured Notes due 2032
  • $2.2 billion 10.000% / 10.750% Senior PIK Toggle Notes due 2033

The Gibson Dunn corporate team was led by Doug Horowitz (Partner, New York) and Michael Saliba (Partner, New York), with support from Paul Rafla (Associate, New York), Malakeh Hijazi (Associate, Houston), James Sullivan (Associate, New York), Melody Karmana (Associate, New York), Caroline Bakewell (Associate, Houston), and Caroline Simms (Associate, Houston). Tax advice was provided by Jennifer Sabin (Partner, New York) and Yixue (Bree) Gong (Associate, Palo Alto).

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