Pernod Ricard Successfully Completes a EUR 500 Million Bond Issuance

Press Release 29/09/2021

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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, sold or delivered within the United States, 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.

PERNOD RICARD SUCCESSFULLY COMPLETES A EUR 500 MILLION BOND ISSUANCE

Amount (EUR) Maturity Settlement Coupon Yield Re-offer Spread
500,000,000 4 Oct. 2029 4 Oct. 2021 0.125% 0.343% 30bps


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 today set the terms of its new Euro-denominated bond issue for an aggregate amount of EUR500 million across 1-tranche of 8 years.

The favorable market conditions and the positive reception from investors to the issuance allowed Pernod Ricard to price the issuance at a coupon of 0.125%.

The net proceeds of this issuance will be used for general corporate purposes of Pernod Ricard, including for the total redemption of the existing EUR 500 million notes due September 2023 with a 1.875% coupon through the exercise of the make whole-call option.

Placement was made across qualified investors.

An application will be made for the bonds to be admitted to trading on Euronext Paris.

The Bonds are expected to be rated Baa1 by Moody’s and BBB+ by Standard & Poor’s.

Disclaimer
NO COMMUNICATION AND NO INFORMATION IN RESPECT OF THE OFFERING BY PERNOD RICARD OF THE BONDS MAY BE DISTRIBUTED TO THE PUBLIC IN ANY JURISDICTION WHERE A REGISTRATION OR APPROVAL IS REQUIRED. NO STEPS HAVE BEEN OR WILL BE TAKEN IN ANY JURISDICTION WHERE SUCH STEPS WOULD BE REQUIRED. THE OFFERING AND/OR SUBSCRIPTION OF THE BONDS ARE SUBJECT TO SPECIFIC LEGAL OR REGULATORY RESTRICTIONS IN CERTAIN JURISDICTIONS. PERNOD RICARD TAKES NO RESPONSIBILITY FOR ANY VIOLATION OF ANY SUCH RESTRICTIONS BY ANY PERSON.
THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES CONSTITUTE A PUBLIC OFFERING NOR AN INVITATION TO SOLICIT THE INTEREST OF THE PUBLIC IN FRANCE, THE UNITED STATES, OR IN ANY OTHER JURISDICTION, IN CONNECTION WITH ANY OFFER.
THE DISTRIBUTION OF THIS DOCUMENT MAY, IN CERTAIN JURISDICTIONS, BE RESTRICTED BY LOCAL LEGISLATIONS. PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH POTENTIAL LOCAL RESTRICTIONS.
THIS ANNOUNCEMENT IS NOT AN ADVERTISEMENT AND NOT A PROSPECTUS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 14 JUNE 2017 (THE "EU PROSPECTUS REGULATION"). THIS DOCUMENT AND THE SECURITIES REFERRED TO IN THIS DOCUMENT CAN ONLY BE OFFERED OR SOLD IN FRANCE PURSUANT TO ARTICLE L. 411-2- OF THE FRENCH MONETARY AND FINANCIAL CODE TO QUALIFIED INVESTORS (INVESTISSEURS QUALIFIÉS) AS DEFINED IN ARTICLE 2(E) OF THE EU PROSPECTUS REGULATION.
WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING A PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE.
AS A RESULT, THE SECURITIES MAY NOT AND WILL NOT BE OFFERED IN ANY RELEVANT MEMBER STATE EXCEPT IN ACCORDANCE WITH THE EXEMPTIONS SET FORTH IN ARTICLE 1(4) OF THE PROSPECTUS REGULATION OR UNDER ANY OTHER CIRCUMSTANCES WHICH DO NOT REQUIRE THE PUBLICATION BY THE COMPANY OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS REGULATION AND/OR TO APPLICABLE REGULATIONS OF THAT RELEVANT MEMBER STATE.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF OFFERS TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT. THIS NOTICE IS ISSUED PURSUANT TO RULE 135C UNDER THE SECURITIES ACT.

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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
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