Pernod Ricard successfully completes a EUR 1.1 billion sustainability-linked dual tranche issuance

Press Release 26/10/2022

Not for distribution directly or indirectly in Canada or Japan. The distribution of this document in certain jurisdictions may be restricted by law. Persons who come into possession of this document are required to inquire about, and comply with, potential local restrictions. This document does not constitute an offer, or an invitation to apply for, or an offer or invitation to purchase or subscribe for any securities either in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States, or to or for the account or benefit of U.S. persons (as defined in Regulation S under U.S. Securities Act of 1933), unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended. Pernod Ricard does not intend to register the offer detailed in the press release, in whole or in part, in the United States, and nor does it intend to carry out any public offer in the United States.

Amount (EUR) Maturity Settlement Coupon Yield Re-offer spread
600,000,000 02-Nov-2028 02-Nov-2022 3.250% 3.478% 55bps
500,000,000 02-Nov-2032 02-Nov-2022 3.750% 3.931% 93bps

 

Pernod Ricard, the long-term senior debt of which is rated Baa1 (stable outlook) by Moody’s and BBB+ (stable outlook) by Standard & Poor’s, has set the terms of its new euro-denominated bond issuance for an aggregated principal amount of EUR 1.1bn across two tranches: a EUR 600m 6-Year and a EUR 500m 10-Year. The deal marks Pernod Ricard’s second Sustainability-Linked Bond. In line with its inaugural Sustainability-Linked Bond, targets of the issuance are linked to two environmental commitments: to reduce the Group’s absolute greenhouse gas emissions (Scope 1&2) and to decrease the water consumption per unit at distilleries. This transaction fits within Pernod Ricard’s continued integration of sustainability actions into its daily operations and financing strategy, in-line with the Group’s Sustainability & Responsibility (S&R) Roadmap.

The Sustainability-Linked Financing Framework and the Second-Party Opinion are available at: https://www.pernod-ricard.com/en/investors/share-debt-information#debt-information-430
The net proceeds of this issuance will be used for general corporate purposes of Pernod Ricard.

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About pernod ricard

Pernod Ricard is a worldwide leader in the spirits and wine industry, blending traditional craftsmanship, state-of-the-art brand development, and global distribution technologies. Our prestigious portfolio of premium to luxury brands includes Absolut vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur and Mumm and Perrier-Jouët champagnes. Our mission is to ensure the long-term growth of our brands with full respect for people and the environment, while empowering our employees around the world to be ambassadors of our purposeful, inclusive and responsible culture of authentic conviviality. Pernod Ricard’s consolidated sales amounted to € 12,137 million in fiscal year FY23. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices

Contacts Pernod Ricard

Florence Tresarrieu
Global SVP Investors Relations and Treasury
Tel: +33 (0) 1 70 93 17 03
Edward Mayle
Investor Relations Director
Tel: +33 (0) 1 70 93 17 13
Charly Montet
Investor Relations Manager
Tel: +33 (0) 1 70 93 17 13
Emmanuel Vouin
Head of External Engagement
Tel: +33 (0) 1 70 93 16 34