Barry Callebaut successfully prices USD 400 million 5.5% senior notes due 2023

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ZURICH, SWITZERLAND--(Marketwired - Jun 13, 2013) - Barry Callebaut /Barry Callebaut successfully prices USD 400 million 5.5% senior notes due2023. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement.

* Barry Callebaut announces the successful pricing of USD 400 million5.5% senior Notes due 2023

Barry Callebaut AG announced today thesuccessful pricing of USD 400 million 5.5% senior notes due 2023 (the"Notes")with estimated gross proceeds totalling USD 392.5 million. The remainingamountwill be financed through the partial funding of an existing bridge loan.

The proceeds of the offering will be used to fund a portion of theconsiderationin respect of the previously announced acquisition of the Cocoa IngredientsDivision of Petra Foods for USD 950 million (subject to customary closingadjustments).

In light of the volatility in the debt markets and the pricing of the bondsat acoupon higher than expected, the Company decided to reduce the amount fromUSD600 million to USD 400 million.

The Notes will be due June 15, 2023 with a coupon of 5.5%. The Notes areunsecured and rank pari passu with the existing revolving credit facilityandthe existing notes.

The proceeds will be deposited into an escrow account upon closing untilthesatisfaction of certain conditions set forth in an escrow agreement,includingthe closing of the acquisition.

***

This press release does not constitute or form a part of any offer orsolicitation to purchase or subscribe for securities in the United States.TheNotes have not been and will not be registered under the U.S. SecuritiesAct of1933, as amended (the "Securities Act") or with any securities regulatoryauthority of any state or other jurisdiction in the United States, and maynotbe offered or sold, directly or indirectly, within the United States or to,orfor the account or benefit of, U.S. persons, as such term is defined inRegulation S under the Securities Act ("Regulation S"), except pursuant toanexemption from or in a transaction not subject to the registrationrequirementsof the Securities Act. In the United States, this offering is being madeonly to"qualified institutional buyers" (as defined in Rule 144A of the SecuritiesAct)in compliance with Rule 144A under the Securities Act ("Rule 144A"). TheNotesare being offered and sold outside the United States to non-U.S. persons in"offshore transactions" as defined in and in accordance with Regulation S.BarryCallebaut does not intend to register any portion of the offering in theUnitedStates.

The distribution of this document in certain countries may constitute abreachof applicable law. The information contained in this document does notconstitute an offer of securities for sale in the United States, Canada,Japanor Australia.

The complete news release can be downloaded from the following link:

Press Release:http://hugin.info/100441/R/1709271/566532.pdf

This announcement is distributed by Thomson Reuters on behalf ofThomson 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 via Thomson Reuters ONE

[HUG#1709271]

Contact:


For Investors and Financial Analysts:
Evelyn Nassar
Head of Investor Relations
Barry Callebaut AG
Phone: +41 43 204 04 23
Email Contact

For the Media:
Raphael Wermuth
Head of Media Relations
Barry Callebaut AG
Phone: +41 43 204 04 58
Email Contact

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