ZURICH, Switzerland – Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate solutions, has successfully raised an amount of EUR 1,750 million on the Euro bond capital markets.
The issuance consists of a 3 year tranche of EUR 900 million and a 6.5 year tranche of EUR 850 million (the “Notes”), priced at a coupon of 3.75% and 4.25% respectively per annum.
The Notes will be traded on the SIX Exchange (ISIN BE6360448615 (3-year tranche); (ISIN BE6360449621 (6.5-year tranche)).
Proceeds will be used for general corporate purposes, including for the refi nancing of existing debt, with the undrawn bridge term loan facility entered into by the Group in December 2024 to be cancelled in full.
The success of the bond issuance allows the Group to take a proactive approach on upcoming maturities in fi scal year 2024/2025 and 2025/2026.
Peter Vanneste, CFO of the Barry Callebaut Group, commented: “Today’s successful bond issuance in the Euro capital markets highlights the continued support from our investment community.
We are pleased to have secured additional funding which provides fl exibility needed to address the continued volatility in cocoa bean prices.”
ING Bank, Rabobank, Société Générale and UBS acted as joint lead managers and bookrunners for the issuance.
With annual sales of about CHF 10.5 billion in fi scal year 2023/24, the Zurich-based Barry Callebaut Group is the world’s leading manufacturer of chocolate and cocoa solutions – from sourcing and processing cocoa beans to producing the fi nest chocolates, including chocolate fi llings, decorations and compounds.
The Group runs more than 60 production facilities worldwide and employs a diverse and dedicated global workforce of more than 13,000 people.
