Heineken Holding N.V. reports 2017 first quarter Trading Update - Seite 2
ACQUISITION OF BRASIL KIRIN HOLDING S.A. UPDATE
On 13 February 2017 HEINEKEN announced that it had entered into an agreement with Kirin Holdings Company Limited ("Kirin") to acquire Brasil Kirin Holding S.A. The release also stated that HEINEKEN was in the process of reviewing its future route to market for its Brazilian operation. HEINEKEN Brasil products are currently distributed by the Coca Cola bottlers in Brazil. In light of the size and requirements of the proposed future combined portfolio, HEINEKEN now confirms that it intends to leverage Kirin's existing route to market with the Heineken portfolio in the future. Completion of the acquisition is subject to customary regulatory approval and is expected in the first half of 2017.
NEW FINANCING
On 23 February 2017, HEINEKEN privately placed SGD 150 million of 5 year floating Notes under its Euro Medium Term Note Programme. On 21 March 2017, HEINEKEN announced it had issued USD 1.1 billion of long 10 year 144A/RegS US Notes with a coupon of 3.50%, and USD 650 million of 30 year 144A/RegS US Notes with a coupon of 4.35%.
On 20 March 2017, HEINEKEN extended and amended its EUR 2.5 billion revolving credit facility maturing in May 2021. The facility has been increased to EUR 3.5 billion and is now set to mature in
May 2022. The facility is committed by a group of 19 banks and has two further one-year extension options.
DEFINITIONS
Organic growth excludes the effect of foreign currency translational effects, consolidation changes, accounting policy changes, exceptional items and amortisation of acquisition-related
intangibles.
ENQUIRIES
Media Heineken Holding N.V. | |
Kees Jongsma | |
tel. +31 6 54 79 82 53 | |
E-mail: cjongsma@spj.nl | |
Media Heineken N.V. | Investors |
John-Paul Schuirink | Sonya Ghobrial |
Director of Global Communication | Director of Investor Relations |
Michael Fuchs | Chris MacDonald / Gabriela Malczynska |
Corporate & Financial Communication Manager | Investor Relations Manager / Senior Analyst |
E-mail: pressoffice@heineken.com | E-mail: investors@heineken.com |
Tel: +31-20-5239355 | Tel: +31-20-5239590 |
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