Barry Callebaut, the world’s leading manufacturer of chocolate and cocoa products, successfully placed its first promissory note loan of €600 million.
The loan was subscribed by a broad group of investors, including banks, insurance companies, pension funds and asset managers from Europe and Asia. Demand has been very high, reflecting the strong financial condition and investor confidence in the company.
Capital from the promissory note loan will be used to refinance existing debt and support Barry Callebaut’s growth. The company plans to continue to invest in expanding its capacities and developing its business areas over the next few years.
Barry Callebaut has once again demonstrated its strong position in the market and secured long-term capital at good conditions.
Diversifying Barry Callebaut’s financing through €600 million promissory note loans
Barry Callebaut, the world’s largest manufacturer of high-quality chocolate and cocoa products, has taken an important first step toward diversifying its financing strategy. The company has for the first time placed a promissory note loan of 600 million euros.
The promissory note loan, which was subscribed by institutional investors and banks, consists of several tranches with different maturities and interest rates. The funds will be used for various purposes, including refinancing existing debt and for general corporate purposes.
The placement of the promissory note loan is an important measure for Barry Callebaut to broaden its financing base and reduce financial risk. This move demonstrates investor confidence in the company and its future growth prospects.
- The promissory note loan includes:
- Tranches with maturities from 2 to 10 years
- Interest rates between 0.5% and 1.75%
- Funds for refinancing existing debt and general business purposes
Barry Callebaut is confident that diversifying its financing strategy will help to increase the stability and sustainability of the company and secure long-term growth.