Barry Callebaut places long term bond, amends credit facility

Barry Callebaut announces today the successful placement of €250 million ($360.784 million) 10-year Senior Fixed Rate Notes.

It has also renewed and amended the terms and conditions of its existing €850 million long term revolving credit facility to €600 million with a tailor-made covenant package.

The offering of the notes created sizeable demand and was significantly oversubscribed, the company said.

The bond issuance and the amended long term revolving credit facility substantially improve the company's liquidity profile and financial flexibility.

Barry Callebaut will use the net proceeds from the offering to reduce the drawn amount under the long term revolving credit facilities and for general corporate purposes.