Pernod Ricard Successfully Completes a EUR 500 Million Bond Issuance

Regulatory News:

Pernod Ricard (Paris:RI):

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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.

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

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.