Vilmorin & Cie announces a successful €450 million bond placement
17 März 2021 - 5:40PM
Vilmorin & Cie announces a successful €450 million bond
placement
On March 17, 2021, Vilmorin & Cie
successfully priced a €450 million senior bond offering with a
7-year maturity and a 1.375% fixed coupon. This successful
transaction was largely oversubscribed among a large European
investors base.
The net proceeds from this issuance will be used
for general corporate purposes, including the refinancing of
existing debt, of which the funding of the exercise of a
pre-maturity redemption call option on the 2.375% May 2021 bond
which current outstanding amount stands at €346.2 million.
Through these transactions,
Vilmorin & Cie is extending the average maturity of its
debt while continuing its strategy of diversified funding sources.
After significantly strengthening its financial resources over the
last years, Vilmorin & Cie is thus pursuing optimization of its
financial capacities, supporting the deployment of its objectives
for growth, on a resilient world seeds market.
The bond will be admitted to trading on the
regulated market of Euronext Paris as of 26 March 2021 (ISIN code:
FR0014002KP7).
This operation was achieved in collaboration
with BNP Paribas, Crédit Agricole CIB, Natixis as
global-coordinators, together with HSBC, MUFG and Société Générale,
who intervened as bookrunners.
Vilmorin & Cie has been advised for this
transaction by Degroof Petercam Investment Banking.
You can consult this press release on the
Vilmorin & Cie website www.vilmorincie.com/en
COMING DISCLOSURES AND EVENTS
Thursday May 6, 2021(1):Disclosure of sales at
the end of the 3rd quarter 2020-2021
Monday August 2, 2021(1):Disclosure of sales
for fiscal year 2020-2021
Wednesday October 13, 2021(1):Disclosure of
results for fiscal year 2020-2021
Friday December 10, 2021:Annual General Meeting
of Shareholders
Dates provided as an indication only, and liable to be changed.
(1) Disclosure after trading on the Paris Stock Market.
FOR ANY FURTHER INFORMATION
Olivier FALUTChief Financial
Officerolivier.falut@vilmorincie.com
Valérie MONSÉRATHead of Financial Communication and Investor
Relationsvalerie.monserat@vilmorincie.com
Tel: + 33 (0)4 73 63 44 85
www.vilmorincie.com
Vilmorin & Cie, the 4th largest seed company in the
world, develops vegetable and field seeds with high added value,
contributing to meeting global food requirements.
A multi-crop seed company, every year Vilmorin
& Cie brings around 300 new varieties to market to meet the
needs of all diverse types of agriculture and allow farmers to
produce better and produce more. Accompanied by its reference
Shareholder Limagrain, both an agricultural cooperative owned by
French farmers and an international seed group, Vilmorin &
Cie’s strategy for growth relies on research and international
development to durably strengthen its market shares, on resilient
world markets.True, since its origins in 1743, to its vision of
sustainable development, Vilmorin & Cie ensures its
achievements fully respect its three founding values: progress,
perseverance and cooperation.
Disclaimer
This press release is for information purposes
only and does not constitute an offer to sell or a solicitation to
purchase any securities in any jurisdiction.
The distribution of this press release in
certain jurisdictions may be restricted by law. Release,
publication or distribution of this press release is forbidden in
any jurisdiction where such release, publication or distribution
would violate applicable laws or regulations. Persons into whose
possession this press release comes should inform themselves about
and observe any applicable legal and regulatory restrictions.
No action has been or will be undertaken to make
available any bonds to any retail investor in the European Economic
Area or in the United Kingdom.
In France, a prospectus will be submitted for
approval to the French Autorité des marchés financiers in its
capacity as competent authority in France pursuant to Regulation
(EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on the prospectus to be published when securities are
offered to the public or admitted to trading on a regulated market,
as amended (the "Prospectus Regulation") for a
listing of the bonds on the regulated market of Euronext Paris. The
prospectus will be communicated to qualified investors
(investisseurs qualifiés) as defined in, and in accordance with the
Prospectus Regulation and Article L. 411-2 of the French Code
monétaire et financier. Settlement and delivery remain subject to
this approval.
This press release is not a prospectus for the
purposes of the Prospectus Regulation.
This press release is not an offer for sale
within the United States of any security of Vilmorin & Cie or
any of its affiliates. Securities of Vilmorin & Cie or any of
its affiliates may not be offered or sold in the United States
absent registration under the U.S. Securities Act of 1933, as
amended, or unless exempt from such registration.