Katjes Greenfood Issues New Corporate Bond

Katjesgreenfood GmbH & Co. KG announced the issuance of a new corporate bond targeting up to EUR 40 million, with an interest rate ranging from 7.75% to 8.50% annually. This bond, maturing in five years, is set under Norwegian law and involves a public offering in Germany, Luxembourg, and Austria. Additionally, private placements are to occur in select European countries.

An exchange offer for the 2022/2027 bond and the 2021/2026 subordinated loan is included, allowing for 1:1 exchanges with a cash settlement of EUR 17.50. The company primarily aims to use proceeds to refinance existing bonds. The bond will be listed on the Frankfurt Stock Exchange and Oslo Stock Exchange within six months post-issue.

Katjes Greenfood's strategy focuses on the high-growth 'Better-for-You' segment, backed by strong ownership and expertise from the Katjes Group. The investment in high-growth, health-conscious brands aligns with changing consumer preferences.