Not for release, publication or distribution in the United States of America or any other jurisdiction in which the same would be unlawful.

• Successful issue of EUR 450 million 2.375% Senior Notes due 2024
• Historically low coupon secured for the next 8 years
• Highly oversubscribed offering with close to EUR 3 billion of demand from a global and diversified investor base
• Significantly below the cost of outstanding Senior Notes, improving the Company’s financial flexibility

The Notes are due on May 24, 2024 with a coupon of 2.375%. Credit Suisse, ING, Rabobank and Societé Générale acted as joint lead managers and active bookrunners for the issuance. The Notes - issued by Barry Callebaut Services N.V. - will be guaranteed by the Company and certain material subsidiaries. The Notes are unsecured and rank fully pari passu with all other senior, unsecured, unsubordinated debt.

The Notes are to be rated Ba1 by Moody’s and BB+ by Standard & Poor’s. Barry Callebaut will use the net proceeds from the offering to repay certain existing indebtedness, and for general corporate purposes. The Notes will be traded commencing May 17, 2016 on the Euro MTF Market of the Luxembourg Stock Exchange (ISIN BE6286963051).
 

About Barry Callebaut Group:
With annual sales of about CHF 6.2 billion (EUR 5.6 billion / USD 6.6 billion) in fiscal year 2014/15, the Zurich-based Barry Callebaut Group is the world’s leading manufacturer of high-quality chocolate and cocoa products based on its own estimates – from sourcing and processing cocoa beans to producing the finest chocolates, including chocolate fillings, decorations and compounds. The Group runs more than 50 production facilities worldwide and employs a diverse and dedicated global workforce of more than 9,000 people.
The Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two global brands catering to the specific needs of these Gourmet customers are Callebaut® and Cacao Barry®.The Barry Callebaut Group is committed to sustainable cocoa production to help ensure future supplies of cocoa and improve farmer livelihoods. It supports the Cocoa Horizons Foundation in its goal to shape a sustainable cocoa and chocolate future. 
 

This press release and the information contained herein are not for distribution in or into the United States of America. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States, except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. The Notes are being offered and sold only outside the United States in “offshore transactions” as defined in and in accordance with Regulation S. Barry Callebaut does not intend to register any portion of the offering in the United States or to conduct an offering of securities in the United States.

The distribution of this document in certain countries may constitute a breach of applicable law. The information contained in this document does not constitute an offer of securities for sale in the United States, Canada, Japan or Australia.