Barry Callebaut places long term bond

Barry Callebaut successfully issued €250 million ($357.73) 10-year Senior Fixed Rate Notes due 2021.

It has also renewed and amended its existing €850 million long term revolving credit facility, which further improves the company's liquidity profile and financial flexibility.

The offering of the Fixed Rate Notes created sizeable demand and was significantly oversubscribed.

The Senior Fixed Rate Notes are due on June 15, 2021 with a coupon of 5.375% and a light covenant package.