Switzerland's Barry Callebaut to start roadshow Friday for €350 million 10-year notes

By Paul A. Harris

St. Louis, June 28 - Switzerland's Barry Callebaut Services NV will start a roadshow on Friday in Europe for its €350 million offering of 10-year senior notes (Ba1/BB+), according to an informed source.

The roadshow continues on Monday in London and on Tuesday in Paris and Frankfurt.

Goldman Sachs & Co., ABN Amro and BNP Paribas are joint bookrunners for the Regulation S-only offering.

The notes will be non-callable. The notes will also come with a provision for 25 basis points coupon steps per rating agency notch, capped at 100 bps.

In addition the notes will feature a 101 change-of-control put.

Proceeds will be used to reduce the company's revolving credit facility draw and for general corporate purposes.

The prospective issuer is a Zurich-based cocoa and chocolate company.

© 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.