JAB Holdings begins capped tender offer for 1% notes due 2031

By Marisa Wong

Los Angeles, May 15 – JAB Holdings BV is inviting holders of its €500 million 1% notes due July 14, 2031 (ISIN: DE000A3KPTG6) to tender their notes for purchase for cash up to a maximum acceptance amount of €200 million, according to a notice.

Pricing will be determined using the interpolated mid-swap rate and purchase spread of 100 basis points.

The company will also pay accrued interest.

Tenders may be subject to proration.

The offer expires at noon ET on May 23.

Pricing will be set at or around 7 a.m. ET on May 24. Results will be announced soon after the pricing time.

Settlement is expected to occur on May 25.

The dealer managers are ING Bank NV (+44 20 7767 6784; liability.management@ing.com) and SMBC Bank EU AG (+49 69 2222 9 8481; liability.management@smbcnikko-cm.com).

Kroll Issuer Services Ltd. (+44 20 7704 0880; jab@is.kroll.com; https://deals.is.kroll.com/jab) is the tender agent.

JAB Holdings is a subsidiary of Luxembourg-based investment conglomerate JAB Holding. JAB owns brands including Keurig, Dr Pepper, Krispy Kreme and Panera Bread.

© 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.