25 May 2016 I Deals and Cases

Bär & Karrer Advises Barry Callebaut on its Successful Placement of EUR 450,000,000 2.375% Senior Notes

Barry Callebaut, the world's leading manufacturer of cocoa and chocolate products, has successfully completed its offering of notes in the aggregate amount of EUR 450,000,000. The Issuer, Barry Callebaut Services NV, placed EUR 450,000,000 2.375% senior notes due 2024 at an issue price of 99.104% resulting in gross proceeds of approximately EUR 446 million. The proceeds from the notes placement will be used to repay outstanding debt and for general corporate purposes. The notes are listed on the Luxembourg Stock Exchange. Credit Suisse, ING, Rabobank and Société Générale acted as Joint Bookrunners and Joint Lead Managers in the notes offering.

Bär & Karrer acted as Swiss legal adviser to Barry Callebaut. The Bär & Karrer team included Till Spillmann, Ivo von Büren and Annina Dillier as well as Daniel Lehmann and Michael Abegg (both tax).