By Cristal Cody
Chicago, May 25 – JAB Holdings BV sold a $500 million offering of 3.75% 30-year notes on Tuesday, based on a report from a market source.
The notes priced with a spread of Treasuries plus 150 basis points, low to talk in the Treasuries plus 175 bps area.
BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc. and TD Securities (USA) LLC are managing the sale of the notes.
JAB Holdings is a subsidiary of Luxembourg-based investment conglomerate JAB Holding. JAB owns brands including Keurig Dr Pepper, Krispy Kreme and Panera Bread.
Issuer: | JAB Holdings BV
|
Issue: | Notes
|
Amount: | $500 million
|
Maturity: | May 28, 2051
|
Bookrunners: | BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc. and TD Securities (USA) LLC
|
Coupon: | 3.75%
|
Spread: | Treasuries plus 150 bps
|
Trade date: | May 25
|
Price talk: | Treasuries plus 175 bps area
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.