Gold prices just lower; monthly gains on track
LONDON - J.P. Morgan Securities plc announced today that no stabilisation activities were undertaken for Beach Acquisition Bidco, LLC (Skechers) following its €1 billion senior secured notes offering.
The announcement follows a pre-stabilisation notice issued on Wednesday regarding the euro-denominated 7-year non-call 3 senior secured notes. The securities were offered at 100% of face value under 144A/Regulation S rules and are listed on the International Stock Exchange.
J.P. Morgan Securities plc served as the stabilisation coordinator for the transaction but confirmed that no market stabilisation measures, as defined under EU Market Abuse Regulation and Financial Conduct Authority rules, were implemented.
The €1 billion offering represents Skechers’ latest debt financing activity in international capital markets. The notes feature a 7-year maturity with an option for early redemption after 3 years.
This information was disclosed in a formal post-stabilisation period announcement released through the London Stock Exchange (LON:LSEG)’s Regulatory News Service (RNS).
The announcement is based on a press release statement from J.P. Morgan Securities plc dated June 27, 2025.
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