Press release - Paris, October 27, 2016
Danone launches a successful $ 5.5
billion bond issue,
last step in financing the WhiteWave acquisition
Danone announced the successful launch, on October 26, 2016, of a 5.5 billion dollars bond issue, in 4 tranches of 3 to 10 years.
This bond issue was carried out by way of a private placement reserved for institutional investors only (including qualified institutional buyers in the United States).
Together with the 6.2 billion euros bond issue under the EMTN program announced on October 25, 2016, this 5.5 billion dollars private placement will enable Danone to completely refinance the acquisition of The WhiteWave Foods Company (« WhiteWave ») after settlement of the bond issues.
The bond issue is structured in 4 tranches:
The settlement is expected to take place on November 2 nd , 2016.
Danone is rated BBB+, negative outlook, by Standard & Poor's and Baa1, stable outlook, by Moody's.
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With respect to the Member States of the European Economic Area (each a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring a publication of a prospectus in any Relevant Member State. As a result, securities of Danone may not be offered and will not be offered in any Relevant Member State except (i) to any legal entity which is a qualified investor as defined under the Prospectus Directive, (ii) to fewer than 150, natural or legal persons (other than qualified investors as defined in the Prospectus Directive) as permitted under the Prospectus Directive; or (iii) in any other circumstances not requiring Danone to publish a prospectus as provided under Article 3(2) of the Prospectus Directive and/or regulations applicable in the Relevant Member State. For the purposes of this provision, an "offer to the public" in relation to securities of Danone in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and of securities of Danone to be offered so as to enable an investor to decide to purchase securities of Danone, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State.
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