By Rebecca Melvin and Cristal Cody
Concord, N.H., Sept. 22 – JDE Peet’s NV priced $1.75 billion of notes in three series due 2024, 2027 and 2031 on Tuesday, according to a market source.
The $500 million tranche of 0.8% notes due Sept. 24, 2024 priced to yield Treasuries plus 42 basis points. That was tight to talk for a yield in the area of Treasuries plus 75 bps.
The $750 million tranche of 1.375% notes due Jan. 15, 2027 priced to yield Treasuries plus 67 bps. That was tight to talk for a yield in the area of Treasuries plus 100 bps.
And the $500 million tranche of 2.25% notes due Sept. 24, 2031 priced to yield Treasuries plus 97 bps. That was tight to talk for a yield in the Treasuries plus 125 bps area.
BofA, Citi, Deutsche Bank, JPMorgan and Santander are bookrunners of the deal.
The holding company is engaged in coffee and tea products and based in the Netherlands.
Issuer: | JDE Peet’s NV
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Issue: | Notes
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Amount: | $1.75 billion
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Bookrunners: | BofA, Citi, Deutsche Bank, JPMorgan and Santander
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Pricing date: | Sept. 21
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|
2024 notes
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Amount: | $500 million
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Maturity: | Sept. 24, 2024
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Coupon: | 0.8%
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Spread: | Treasuries plus 42 bps
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Talk: | Treasuries plus 75 bps area
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|
2027 notes
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Amount: | $750 million
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Maturity: | Jan. 15, 2027
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Coupon: | 1.375%
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Spread: | Treasuries plus 67 bps
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Talk: | Treasuries plus 100 bps area
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|
2031 notes
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Amount: | $500 million
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Maturity: | Sept. 24, 2031
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Coupon: | 2.25%
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Spread: | Treasuries plus 97 bps
|
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Talk: | Treasuries plus 125 bps area
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