Successful private placement of € 125 million Convertible bonds by Greenyard Group

Thursday, December 8, 2016 — Greenyard NV announced the successful placement by FieldLink NV, a wholly-owned subsidiary of Greenyard, of the issue of € 125,000,000 senior unsecured, guaranteed, convertible bonds due 2021, guaranteed by Greenyard NV and convertible into newly issued ordinary shares of Greenyard NV.

Degroof Petercam acted as joint bookrunner of the transaction.

The coupon is a fixed interest rate of 3.75% p.a., payable on a half-yearly basis starting June 22nd  2017.

The conversion price of the convertible bonds, which have denominations of € 100,000, has been set at EUR 17.43, representing a premium of 25% of the volume weighted average price of Greenyard’s shares on Euronext Brussels between opening and closing of the market on December 8th 2016. The convertible bond offering was executed through an accelerated bookbuilding procedure.  The convertible bonds have been offered solely to institutional investors. 

For more information on the convertible bonds, please refer to following press release issued by Greenyard NV