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JAB Holdings offers to buy up to $200 million 2.2% notes due 2030
Chicago, Sept. 18 – JAB Holdings BV is offering to buy up to $200 million principal amount of its outstanding $500 million of 2.2% senior notes due Nov. 23, 2030 (ISINs: US46653KAA60, USN4717KAV81), according to an offer document.
The company is offering a tender consideration of $795 per $1,000 note, inclusive of a $50 early tender payment for noteholders who tender by the early deadline. Accrued interest will also be paid to the applicable settlement date.
Tenders may be prorated.
The company expects to use cash on hand to fund the tender offer.
The early deadline is 5 p.m. ET on Sept. 29, also the withdrawal deadline.
The offer will expire at 5 p.m. ET on Oct. 17.
Early settlement is scheduled for Oct. 3 with final settlement planned for Oct. 19.
MUFG Securities (Europe) NV is the sole dealer manager for the tender offer.
D.F. King & Co., Inc. is the information and tender agent for the offer (866 620-9554, 212 269-5550, JAB@dfking.com).
JAB Holdings is a subsidiary of Luxembourg-based investment conglomerate JAB Holding. JAB owns brands including Keurig, Dr Pepper, Krispy Kreme and Panera Bread.
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