BONDUELLE : NYSE Euronext presents Bonduelle with the award for the best secondary transaction of 2012
December 06 2012 - 9:04AM
BONDUELLE
Villeneuve d'Ascq, 06 December
2012
Announcement - Press
NYSE Euronext
presents Bonduelle with the award
for the best secondary transaction of 2012
On 5 December, the Bonduelle Group
was awarded the prize for the leading secondary transaction in
2012, at the Stock Market Annual Conference organised by NYSE
Euronext.
The award, for their private bond
investment (EuroPP) made in September 2012, was presented by
Philippe D'Hoir, a partner at Fidal and member of the jury, to
Grégory Sanson, Chief Financial Officer of the Bonduelle Group,
world leader in the ready-to-eat vegetable sector.
The transaction, with an initial
value of 100 million euros which increased to 145 million euros due
to investor interest, a maturity of 6.5 years and offering a
competitive coupon rate of 3.83%, was underwritten by several
European insurance and health insurance companies, in order to
refinance acquisitions made at the start of 2012 in Russia, the USA
and Hungary by the Bonduelle Group.
This particularly innovative
transaction is the first private bond investment to be made by made
by a mid-sized business non rated, and works towards the
implementation of financial instruments other than bank financing
for this category of business.
It allowed the Bonduelle Group to
extend its platform of investors, increase the disintermediation of
its financing to more than 60% and extend its debt maturity to 5.6
years.
The Bonduelle Group consulted
Crédit Agricole CIB, Crédit Agricole Nord de France and Wilkie Farr
& Gallagher law firm during this transaction.
Contacts -
Press
Catherine Richard - RP carrées Tel: +33 (0)3 28
52 00 51 / Mobile: +33 (0)6 09 25 14 61
Email: catherine.richard@rp-carrees.com
CP_Prix NYSE Euronext
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Source: BONDUELLE via Thomson Reuters ONE
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