Friday 01 March 2024

JDE Peet’s prices €1 billion bond issue

The proceeds will be used for general corporate purposes and to refinance existing debt facilities

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AMSTERDAM, The Netherlands – JDE Peet’s, the world’s leading pure-play coffee and tea company by revenue, yesterday announced it has priced EUR 1 billion aggregate principal of bonds (the “Notes”).

The Notes will be issued on 5 December 2023 and comprise the following series:

  • 6.2-year EUR 500 million 4.125% Notes due 2030
  • 10.2-year EUR 500 million 4.500% Notes due 2034

The proceeds will be used for general corporate purposes and to refinance existing debt facilities.

The Notes will be senior unsecured obligations with investment grade terms, issued by JDE Peet’s N.V. under its EUR 5 billion Debt Issuance

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

JDE Peet’s is the world’s leading pure-play coffee and tea company, serving approximately 4,200 cups of coffee or tea per second.

JDE Peet’s is present in more than 100 markets, with a portfolio of over 50 brands including L’OR, Peet’s, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona.

In 2022, JDE Peet’s generated total sales of EUR 8.2 billion and employed a global workforce of more than 20,000 employees.

In the first half of 2023, total reported sales increased by 2.4% to EUR 3,988 million. In-Home sales increased organically by 2.2% and in Away-from-Home by 9.0%, resulting in a 4-yr organic CAGR of 6.7% for In-Home sales and 0.6% for Away-from-

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