JDE Peet’s succeeds in setting inaugural prices of 2 billion euros
Amsterdam, June 9, 2021
- First bond offering marks another milestone in JDE Peet’s evolution, providing access to debt capital markets
- 2 billion euros valued over three tranches on the quality bond market with a weighted average coupon of 0.469% and a weighted average maturity of 7.6 years
- The bond issue will be used to refinance the existing debt facilities at attractive interest rates and further balance the maturity profile
JDE Peet’s (EURONEXT: JDEP), the world’s largest pure-play coffee and tea group by revenue, today announced it has priced € 2 billion in total principal of bonds (the notes “).
The Bonds will be issued on June 16, 2021 and will consist of the following series:
- 4.6-year bonds 750 million euros 0.000% due 2026
- € 750 million at 7.6 years 0.500% bonds maturing in 2029
- € 500 million at 12 years 1.125% Bonds due 2033
The financial package has a weighted average coupon of 0.469% and a weighted average maturity of 7.6 years. The proceeds from the Notes will be used to refinance existing credit facilities and for general corporate purposes. The transaction generated more than 7.5 billion euros in demand.
“Our successful inaugural bond issue is another important step in the continuous improvement of our capital structure and the evolution of JDE Peet’s. This transaction will reduce the overall cost of debt while further improving our maturity profile and diversifying JDE Peet’s funding sources, ”said Scott Gray, CFO of JDE Peet. “A few months after the successful refinancing of our debt with our major banking partners, I am very pleased to now see the approval of the bond investing community, which once again demonstrates our strong credit profile.”
The Notes will be senior unsecured bonds with quality terms, issued by JDE Peet’s NV under its new guaranteed debt issuance program of 5 billion euros and guaranteed by JACOBS DOUWE EGBERTS International BV and Peet’s Coffee, Inc. listed on the EuroMTF market of the Luxembourg Stock Exchange.
The offer of Notes mentioned in this communication was limited in the EEA and the United Kingdom to qualified investors only. The Securities have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or with any securities regulatory authority of any state or other jurisdiction. of the United States of America.
The Securities may not be offered or sold in the United States of America without the registration of the securities or an exemption from registration under the US Securities Act being applicable. Accordingly, this communication is not intended to be disseminated, distributed or published, whether directly or indirectly and whether in whole or in part, in the United States or in any (other) jurisdiction where any of such activities would constitute a violation of the relevant laws. of such jurisdiction.
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About JDE Peet’s
JDE Peet’s is the world’s largest coffee and tea company by revenue and served approximately 4,500 cups of coffee or tea per second in 2020. JDE Peet’s unleashes the possibilities of coffee and tea in more from 100 developed and emerging markets, through a portfolio of more than 50 brands that collectively cover the entire category landscape, led by big names such as L’OR, Peet’s, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona. In 2020, JDE Peet’s generated total sales of 6.7 billion euros and employed a global workforce of more than 19,000 people. Learn about our journey to a coffee and tea for every cup in www.JDEPeets.com.
JDE Peet’s successfully ticks the inaugural multi-tranche € 2 billion bond issue