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On March 17, 2021, Vilmorin & Cie successfully priced a €450 million senior bond offering with a 7-year maturity and a 1.375% fixed coupon.
This successful transaction was largely oversubscribed among a large European investors base.
The net proceeds from this issuance will be used for general corporate purposes, including the refinancing of existing debt, of which the funding of the exercise of a pre-maturity redemption call option on the 2.375% May 2021 bond which current outstanding amount stands at €346.2 million.
Through these transactions, Vilmorin & Cie is extending the average maturity of its debt while continuing its strategy of diversified funding sources. After significantly strengthening its financial resources over the last years, Vilmorin & Cie is thus pursuing optimization of its financial capacities, supporting the deployment of its objectives for growth, on a resilient world seeds market.
The bond will be admitted to trading on the regulated market of Euronext Paris as of 26 March 2021 (ISIN code: FR0014002KP7).
This operation was achieved in collaboration with BNP Paribas, Crédit Agricole CIB, Natixis as global-coordinators, together with HSBC, MUFG and Société Générale, who intervened as bookrunners.
Vilmorin & Cie has been advised for this transaction by Degroof Petercam Investment Banking.
You can consult this press release on the Vilmorin & Cie website www.vilmorincie.com/en
COMING DISCLOSURES AND EVENTS
Thursday May 6, 2021(1):
Disclosure of sales at the end of the 3rd quarter 2020-2021
Monday August 2, 2021(1):
Disclosure of sales for fiscal year 2020-2021
Wednesday October 13, 2021(1):
Disclosure of results for fiscal year 2020-2021
Friday December 10, 2021:
Annual General Meeting of Shareholders
Dates provided as an indication only, and liable to be changed.
(1) Disclosure after trading on the Paris Stock Market.
FOR ANY FURTHER INFORMATION
Chief Financial Officer
Head of Financial Communication and Investor Relations
Tel: + 33 (0)4 73 63 44 85
Vilmorin & Cie, the 4th largest seed company in the world, develops vegetable and field seeds with high added value, contributing to meeting global food requirements.
A multi-crop seed company, every year Vilmorin & Cie brings around 300 new varieties to market to meet the needs of all diverse types of agriculture and allow farmers to produce better and produce more.
Accompanied by its reference Shareholder Limagrain, both an agricultural cooperative owned by French farmers and an international seed group, Vilmorin & Cie’s strategy for growth relies on research and international development to durably strengthen its market shares, on resilient world markets.
True, since its origins in 1743, to its vision of sustainable development, Vilmorin & Cie ensures its achievements fully respect its three founding values: progress, perseverance and cooperation.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities in any jurisdiction.
The distribution of this press release in certain jurisdictions may be restricted by law. Release, publication or distribution of this press release is forbidden in any jurisdiction where such release, publication or distribution would violate applicable laws or regulations. Persons into whose possession this press release comes should inform themselves about and observe any applicable legal and regulatory restrictions.
No action has been or will be undertaken to make available any bonds to any retail investor in the European Economic Area or in the United Kingdom.
In France, a prospectus will be submitted for approval to the French Autorité des marchés financiers in its capacity as competent authority in France pursuant to Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, as amended (the "Prospectus Regulation") for a listing of the bonds on the regulated market of Euronext Paris. The prospectus will be communicated to qualified investors (investisseurs qualifiés) as defined in, and in accordance with the Prospectus Regulation and Article L. 411-2 of the French Code monétaire et financier. Settlement and delivery remain subject to this approval.
This press release is not a prospectus for the purposes of the Prospectus Regulation.
This press release is not an offer for sale within the United States of any security of Vilmorin & Cie or any of its affiliates. Securities of Vilmorin & Cie or any of its affiliates may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or unless exempt from such registration.