Rotterdam, The Netherlands, November 20, 2020 – Louis Dreyfus Company B.V. (LDC) announced today a successful €600 million, five-year, senior bond issuance (BB+) with a 2.375% coupon. Application has been made to list the instruments on the Luxembourg Stock Exchange’s regulated market. The offering is expected to close on November 27, subject to customary closing conditions.
“We would like to thank investors for their confidence in our business strategy and the positive long-term outlook for our sector, reflected in a strong demand with orders in excess of €3.3 billion from more than 250 investors,” said Michael Gelchie, LDC’s Chief Executive Officer.
“Building on LDC B.V.’s initial public rating (BBB- with positive outlook) by S&P Global Ratings, this transaction will facilitate the implementation of LDC’s long-term business plan,” said Patrick Treuer, LDC’s Chief Financial Officer.
BNP Paribas, Citigroup, Crédit Agricole CIB and ING are active joint lead managers on the deal.
These materials do not constitute or form a part of any invitation, offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction in which, or to any person to or from which, it is unlawful to make such invitation, offer or solicitation under applicable laws and regulations and no action has been or will be taken in any jurisdiction that would permit a public offering of securities in such jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended.
This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129.
About Louis Dreyfus Company
Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve our customers and consumers around the world, delivering the right products to the right location, at the right time – safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Grains & Oilseeds, Coffee, Cotton, Juice, Rice, Sugar, Freight and Global Markets. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 80 million tons of products. Structured as a matrix organization of six geographical regions and eight platforms, Louis Dreyfus Company is active in over 100 countries and employs approximately 18 000 people globally. For more information, visit web-stg.ldc.com and follow us on Twitter, LinkedIn and WeChat (ID: we_are_ldc).
For further information, please contact [email protected]