Golden Goose has begun marketing a $1.04bn bond sale to finance its acquisition by private equity firm HSG, according to Bloomberg.

The Italian luxury brand plans to issue €880m in seven-year fixed and floating rate notes, with at least €350m allocated to each tranche. 

The fixed-rate portion is being marketed with yields in the mid-to-high 6% range and will be callable after three years, while the floating-rate tranche is priced at three-month Euribor plus 400–425 basis points and callable after one year.

Proceeds from the issuance will be used to fund the buyout, refinance existing debt, and cover transaction-related costs.

The deal is emerging in a challenging market environment. Golden Goose is one of the few European high-yield issuers currently active, as geopolitical tensions and concerns around the luxury sector weigh on investor sentiment. Recent declines in demand for high-end goods, including at major players such as LVMH, have added to market caution.

Goldman Sachs is acting as global coordinator and bookrunner alongside JPMorgan and UBS, with Citi, Deutsche Bank, and UniCredit also participating in the syndicate.

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