Barry Callebaut explores possibilities for a bond issue
(Thomson Reuters ONE) -
Barry Callebaut AG /
Barry Callebaut explores possibilities for a bond issue
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Zürich/Switzerland, June 1, 2011 - Barry Callebaut takes another important
milestone in strengthening the financial and liquidity profile of the company
hereby announcing:
* the launch of an offering of Senior Fixed Rate Notes
* the reduction and amendment of its long term EUR 850 million Revolving
Credit Facility targeting a light covenant package and maturity extension up
to 5 years
Barry Callebaut has mandated Credit Suisse, ING, The Royal Bank of Scotland and
Société Générale as bookrunners and joint lead managers for a proposed Reg S
offering of Euro-denominated Senior Fixed Rate Notes. The Notes will be
guaranteed by certain material subsidiaries of the Company. The Notes will be
fully pari passu with existing revolving credit facility and existing notes.
The transaction is expected to be launched, subject to market conditions,
following an investor roadshow in Europe (London, Zürich, Paris and Frankfurt)
commencing on June 6th 2011. It is expected that the Notes will be listed on
the Official List of the Luxembourg Stock Exchange and admitted to trading on
the Euro MTF Market of the Luxembourg Stock Exchange.
The proceeds of the offering are for general corporate purposes, partly repaying
the drawn amount under Barry Callebaut's senior credit revolving facility.
***
Barry Callebaut (www.barry-callebaut.com):
With annual sales of about CHF 5.2 billion / EUR 3.6 billion / USD 4.9 billion
for fiscal year 2009/10, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to the
finest finished product. Barry Callebaut is present in 26 countries, operates
more than 40 production facilities and employs about 7,500 people. The company
serves the entire food industry, from food manufacturers to professional users
of chocolate (such as chocolatiers, pastry chefs or bakers), to global
retailers. Barry Callebaut is the global leader in cocoa and chocolate
innovations and provides a comprehensive range of services in the fields of
product development, processing, training and marketing. The company is actively
engaged in initiatives and projects that contribute to a more sustainable cocoa
supply chain.
***
Contacts
for investors and financial analysts: for the media:
Evelyn Nassar Raphael Wermuth
Head of Investor Relations External Communications Manager
Barry Callebaut AG Barry Callebaut AG
Phone: +41 43 204 04 23 Phone: +41 43 204 04 58
evelyn_nassar(at)barry-callebaut.com raphael_wermuth(at)barry-callebaut.com
The complete news release can be downloaded from the following link:
--- End of Message ---
Barry Callebaut AG
P.O. Box Zurich
WKN: 914661;ISIN: CH0009002962;
Press Release:
http://hugin.info/100441/R/1520674/457089.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Barry Callebaut AG via Thomson Reuters ONE
[HUG#1520674]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2011 - 16:10 Uhr
Sprache: Deutsch
News-ID 55229
Anzahl Zeichen: 4190
contact information:
Town:
Zurich
Kategorie:
Business News
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