Barry Callebaut plans roadshow for $600 million 10-year bullets

By Paul A. Harris

Portland, Ore., June 4 - Zurich-based chocolate-maker Barry Callebaut Services NV is running an international roadshow for its $600 million offering of non-callable 10-year senior notes (expected ratings Ba1/BB+), according to a syndicate source.

A roadshow is underway in Europe, and the company will hold a roadshow for the deal in the United States during the week ahead.

Joint bookrunner Credit Suisse will bill and deliver. Goldman Sachs, ING, Jefferies, RBS, Rabobank and UBS are also joint bookrunners.

The Rule 144A and Regulation S for life notes feature a 101% poison put.

Proceeds will be used to help fund the acquisition of Petra Foods' coca ingredients division.

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