Pernod Ricard Successfully Completes a EUR 500 Million Bond Issuance
29 September 2021 - 8:59AM
Business Wire
Regulatory News:
Pernod Ricard (Paris:RI):
Not for distribution directly or indirectly in Canada or
Japan.
The distribution of this document in certain jurisdictions may
be restricted by law. Persons who come into possession of this
document are required to inquire about, and comply with, potential
local restrictions.
This document does not constitute an offer, or an invitation to
apply for, or an offer or invitation to purchase or subscribe for
any securities either in the United States or in any other
jurisdiction. Securities may not be offered, sold or delivered
within the United States, or for the account or benefit of, U.S.
persons (as defined in Regulation S under U.S. Securities Act of
1933) unless they are registered or exempt from registration under
the U.S. Securities Act of 1933, as amended. Pernod Ricard does not
intend to register the offer detailed in the press release, in
whole or in part, in the United States, and nor does it intend to
carry out any public offer in the United States.
Amount (EUR)
Maturity
Settlement
Coupon
Yield
Re-offer spread
500,000,000
4 Oct. 2029
4 Oct. 2021
0.125%
0.343%
30 bps
Pernod Ricard, the long-term senior debt of which is rated Baa1
(stable outlook) by Moody’s and BBB+ (stable outlook) by Standard
& Poor’s, has today set the terms of its new Euro-denominated
bond issue for an aggregate amount of EUR500 million across
1-tranche of 8 years.
The favorable market conditions and the positive reception from
investors to the issuance allowed Pernod Ricard to price the
issuance at a coupon of 0.125%.
The net proceeds of this issuance will be used for general
corporate purposes of Pernod Ricard, including for the total
redemption of the existing EUR 500 million notes due September 2023
with a 1.875% coupon through the exercise of the make whole-call
option.
Placement was made across qualified investors.
An application will be made for the bonds to be admitted to
trading on Euronext Paris.
The Bonds are expected to be rated Baa1 by Moody’s and BBB+ by
Standard & Poor’s.
About Pernod Ricard
Pernod Ricard is the No.2 worldwide producer of wines and
spirits with consolidated sales of €8,824 million in FY21. Created
in 1975 by the merger of Ricard and Pernod, the Group has developed
through organic growth and acquisitions: Seagram (2001), Allied
Domecq (2005) and Vin&Sprit (2008). Pernod Ricard, which owns
16 of the Top 100 Spirits Brands, holds one of the most prestigious
and comprehensive brand portfolios in the industry, including:
Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal
Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey,
Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur,
Mumm and Perrier-Jouët champagnes, as well Jacob’s Creek, Brancott
Estate, Campo Viejo, and Kenwood wines. Pernod Ricard’s brands are
distributed across 160+ markets and by its own salesforce in 73
markets. The Group’s decentralised organisation empowers its 19,000
employees to be true on-the-ground ambassadors of its vision of
“Créateurs de Convivialité.” As reaffirmed by the Group’s strategic
plan, “Transform and Accelerate,” deployed in 2018, Pernod Ricard’s
strategy focuses on investing in long-term, profitable growth for
all stakeholders. The Group remains true to its three founding
values: entrepreneurial spirit, mutual trust, and a strong sense of
ethics, as illustrated by the 2030 Sustainability and
Responsibility roadmap supporting the United Nations Sustainable
Development Goals (SDGs), “Good times from a good place.” In
recognition of Pernod Ricard’s strong commitment to sustainable
development and responsible consumption, it has received a Gold
rating from Ecovadis. Pernod Ricard is also a United Nation’s
Global Compact LEAD company.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:
FR0000120693) and is part of the CAC 40 and Eurostoxx 50
indices.
Disclaimer
NO COMMUNICATION AND NO INFORMATION IN RESPECT OF THE OFFERING
BY PERNOD RICARD OF THE BONDS MAY BE DISTRIBUTED TO THE PUBLIC IN
ANY JURISDICTION WHERE A REGISTRATION OR APPROVAL IS REQUIRED. NO
STEPS HAVE BEEN OR WILL BE TAKEN IN ANY JURISDICTION WHERE SUCH
STEPS WOULD BE REQUIRED. THE OFFERING AND/OR SUBSCRIPTION OF THE
BONDS ARE SUBJECT TO SPECIFIC LEGAL OR REGULATORY RESTRICTIONS IN
CERTAIN JURISDICTIONS. PERNOD RICARD TAKES NO RESPONSIBILITY FOR
ANY VIOLATION OF ANY SUCH RESTRICTIONS BY ANY PERSON.
THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES
CONSTITUTE A PUBLIC OFFERING NOR AN INVITATION TO SOLICIT THE
INTEREST OF THE PUBLIC IN FRANCE, THE UNITED STATES, OR IN ANY
OTHER JURISDICTION, IN CONNECTION WITH ANY OFFER.
THE DISTRIBUTION OF THIS DOCUMENT MAY, IN CERTAIN JURISDICTIONS,
BE RESTRICTED BY LOCAL LEGISLATIONS. PERSONS INTO WHOSE POSSESSION
THIS DOCUMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO
OBSERVE ANY SUCH POTENTIAL LOCAL RESTRICTIONS.
THIS ANNOUNCEMENT IS NOT AN ADVERTISEMENT AND NOT A PROSPECTUS
WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN
PARLIAMENT AND OF THE COUNCIL OF 14 JUNE 2017 (THE "EU PROSPECTUS
REGULATION"). THIS DOCUMENT AND THE SECURITIES REFERRED TO IN THIS
DOCUMENT CAN ONLY BE OFFERED OR SOLD IN FRANCE PURSUANT TO ARTICLE
L. 411-2- OF THE FRENCH MONETARY AND FINANCIAL CODE TO QUALIFIED
INVESTORS (INVESTISSEURS QUALIFIÉS) AS DEFINED IN ARTICLE 2(E) OF
THE EU PROSPECTUS REGULATION.
WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA,
NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN
OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING
A PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A
RESULT, THE SECURITIES MAY NOT AND WILL NOT BE OFFERED IN ANY
RELEVANT MEMBER STATE EXCEPT IN ACCORDANCE WITH THE EXEMPTIONS SET
FORTH IN ARTICLE 1(4) OF THE PROSPECTUS REGULATION OR UNDER ANY
OTHER CIRCUMSTANCES WHICH DO NOT REQUIRE THE PUBLICATION BY THE
COMPANY OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS
REGULATION AND/OR TO APPLICABLE REGULATIONS OF THAT RELEVANT MEMBER
STATE.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR A
SOLICITATION OF OFFERS TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN
THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD OR
DELIVERED WITHIN THE UNITED STATES, OR FOR THE ACCOUNT OR BENEFIT
OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES
ACT) ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT. THIS NOTICE IS
ISSUED PURSUANT TO RULE 135C UNDER THE SECURITIES ACT.
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Julia Massies / VP, Financial Communications & Investor
Relations +33(0)1 70 93 17 03 Charly Montet / Investor Relations
Manager +33(0)1 70 93 17 13 Emmanuel Vouin / Head of External
Engagement +33(0)1 70 93 16 34
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