Thursday 26 May 2022

Jde Peet’s announces pricing of EUR 600 million single-tranche notes issue

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AMSTERDAM, The Netherlands – JDE Peet’s, the world’s largest pure-play coffee and tea group by revenue, yesterday announced it has priced EUR 600 million of 6.25-year 0.625% notes due 2028 (the “Notes”).

The Notes will be issued on 9 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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