Fromageries BEL : Euro Bond Issue

Press release

Suresnes, 6 April 2017, 19 hours 30

Fromageries Bel

Successful Euro Bond Issue for Fromageries Bel

Fromageries Bel has successfully completed its EUR500 million 7 year-bond issue

Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan.

Fromageries Bel today announced it has successfully launched a EUR500 million bond issue, maturing in April 2024, with an annual coupon of 1.50%. The settlement is scheduled on April 18th 2017.

The proceeds of this issue will be used for the general corporate purposes of Fromageries Bel, including for the potential refinancing of existing debts. The transaction will enable Fromageries Bel to lengthen its maturity debt profile and pursue the diversification of its financial resources.

The issue has been close to 4.6 times oversubscribed by a diversified and high quality investor base. The success of this issue confirms the confidence of the market in the creditworthiness of the group.

Crédit Agricole CIB, Natixis, Société Générale Corporate and Investment Banking, Citigroup, MUFG, HSBC and CM-CIC Market Solutions acted as joint lead managers for the offering.

Fromageries Bel (ISIN : FR0000121857- Mnémonique FBEL) is listed on Euronext Paris, compartment A.

Warning

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to purchase securities in any jurisdiction. The securities referred in this release have not been and will not be offered to the public and no related documents will be distributed to the public in any jurisdiction.
Dissemination, publication or distribution of this press release is prohibited in any country where such dissemination, publication or distribution is carried out in violation of applicable laws or regulations.

This document does not constitute an offer of securities in the United States of America. The securities referred to in this press release have not been and will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States without registration or exemption from registration in accordance with the US Securities Act of 1933.