AMSTERDAM, The Netherlands – JDE Peet’s, the world’s leading pure-play coffee and tea company by revenue, today announced that it has priced USD 1.75 billion aggregate principal of bonds (the “Notes”). The Notes will be issued on 24 September 2021 and comprise the following series:
- 3.0-year USD 500 million 0.800% Notes due 2024
- 5.3-year USD 750 million 1.375% Notes due 2027
- 10-year USD 500 million 2.250% Notes due 2031
The financing package has a weighted average coupon of 1.46% and weighted average maturity of 6.0 years.
The net proceeds of the Notes will be used to repay outstanding indebtedness, including a portion of outstanding term loan debt, and for general corporate purposes.
The Notes will be senior unsecured obligations with investment grade terms, issued by JDE Peet’s N.V. and guaranteed by JACOBS DOUWE EGBERTS International B.V. and Peet’s Coffee, Inc.
JDE Peet’s offered and sold the Notes under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements of the Securities Act and applicable state laws.
