Katjes Greenfood Issues 40 Million Euro Bond at 7.75 to 8.5 Percent
The company targets a five-year maturity to refinance existing debt through a public offering in Germany and Luxembourg.
Key points
- Katjes Greenfood issued a 40 million euro bond with a 7.75 to 8.50 percent coupon.
- The five-year debt refinances the existing 2022 to 2027 corporate bond.
- Subscription periods run from September 23 to October 19, 2026.
Katjes Greenfood resolved to issue a 40 million euro corporate bond today. The instrument carries a nominal interest rate between 7.75 percent and 8.50 percent.
The five-year debt is issued under Norwegian law to refinance older obligations. Final pricing will follow the conclusion of the investor subscription period.
Refinancing Strategy for Existing Debt
Net proceeds will primarily redeem the outstanding 2022 to 2027 bond. This action reduces the company's current financial burden and extends its maturity profile.
A voluntary exchange offer runs from September 23 to October 15. Existing holders can swap their positions into the new 2026 to 2031 instrument.
Public Offering Scope and Timeline
Subscriptions open on September 23 and close on October 19. Investors access the platform via Deutsche Börse’s DirectPlace system or the issuer website.
The prospectus requires approval from the Luxembourg financial supervisor. Trading will begin on the Frankfurt Stock Exchange Open Market segment.
Advisory Structure and Market Listing
ABG Sundal Collier acts as global coordinator for the transaction. Montega Markets serves as the joint lead manager for the European offering.
TradingView reported that the bond will list on the Oslo exchange within six months. This dual listing strategy broadens the potential investor base across regions.
