Reyl & Cie

Reyl & Cie Ltd acts as sole arranger on a EUR 35,000,000 private placement for a major European food producer

Reyl & Cie Ltd (“Reyl”), an independent banking group based in Geneva, Switzerland, with EUR 12bn in clients’ assets, acted as mandated lead arranger and co-bookrunner in relation to a EUR 35,000,000 private placement, 3-year maturity, 6.5% coupon, issued by a leading major European food producer.

The issuer is a leading manufacturer of packaged food (dish meals, canned foods and cooked meats), which it distributes to retail consumers through private labels and well-known historical brands. With revenues expected to reach EUR 1bn in 2016, the company employs a staff of over 2,500 and operates around 20 production facilities. Reyl has already worked with this client on a previous issuance and is pleased that it was able to win a new mandate relating to a larger project.

The senior secured bond issuance was made of two tranches, a Tranche A of EUR 15,000,000 to refinance a former issuance and a Tranche B of EUR 20,000,000 refinancing a recent acquisition.

The bond issuance was oversubscribed and sold to both third party investors and certain of REYL’s private and institutional clients.. Maya Global Markets SA, a Swiss investment advisory firm, acted as the co-bookrunner for this issuance.

With this transaction, Reyl’s Corporate Advisory & Structuring department was able to demonstrate its capability to assist clients on a demanding structured project, offering valuable and tailored advice.

Nicolas Duchêne, co-head of the Reyl’s Corporate Advisory & Structuring team commented: “We were delighted to partner with Maya Global Markets on this transaction. Our thorough understanding of private clients’ investment approach and current expectations as well as our extensive client and investor base allowed us to successfully issue this debt instrument in a timely manner“.

Xavier Ledru, Managing Director within the Corporate Advisory & Structuring team further commented: “This opportunity is a perfect example of Reyl’s ability to structure complex transactions as well as to leverage on its network. This transaction is a further milestone which we are proud of in the development of our Corporate Advisory and Structuring franchise”.

N.B. – The text does not bind the staff of LMFInternational. Only the companies, organizations and associations which sign the press release and which are clearly indicated in the title of the text, are responsible for its information and contents.