Vandemoortele in €75 Million Bond Issuance

February 11, 2013

Cleary Gottlieb represented Vandemoortele NV in the issuance of 5.125 % fixed rate unsecured bonds due 2017 for an aggregate principal amount of €75 million.

The bonds have been offered to retail investors in Belgium and Luxembourg on November 22, 2012 and were admitted to trading on the regulated market of the Luxembourg Stock Exchange on December 13, 2012. The public offering was closed early at the end of the first day of the subscription period. The bonds have a term of five years and offer a fixed gross annual interest rate of 5.125%.

KBC Bank and Belfius Bank acted as Joint Lead Managers, KBC Bank as Global Coordinator, and Bank Degroof and Rabobank as Co-Lead Managers.

Vandemoortele is a family controlled food group with a leading position in its two core businesses, bakery products and lipids. In 2011 Vandemoortele realized a revenue of circa €1.3 billion with 5,000 employees working in 34 production and 15 commercial sites across 12 European countries.