Saturday 28 May 2022

Jde Peet’s prices €500 million of 3.2-year single-tranche callable notes issue due 2025

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AMSTERDAM, The Netherlands – JDE Peet’s, the world’s largest pure-play coffee and tea group by revenue, today announced it has priced EUR 500 million of 3.2-year 0.244% notes due 2025 (the “Notes”). The Notes will be callable, in whole or in part, on or after 16 December 2022.

The Notes will be issued on 16 November 2021 and the proceeds will be used to refinance existing debt facilities and for general corporate purposes.

The Notes will be senior unsecured obligations with investment grade terms, issued by JDE Peet’s N.V. under its EUR 5 billion Guaranteed Debt Issuance Programme and guaranteed by JACOBS DOUWE EGBERTS International B.V. and Peet’s Coffee, Inc.

It is expected that the Notes will be listed on the EuroMTF market of the Luxembourg Stock Exchange.

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