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Louis Dreyfus Company Successfully Prices a €650Million Bond

Louis Dreyfus Company Successfully Prices a €650Million Bond
Published: Oct 15, 2024

Rotterdam, The Netherlands, October 15, 2024 – Louis Dreyfus Company Finance B.V. announced today the successful pricing of a €650 million, 7-year, senior bond (BBB+) with a 3.50% coupon guaranteed by Louis Dreyfus Company B.V. (LDC). Application has been made to list the bonds on the Luxembourg Stock Exchange’s regulated market. The offering is expected to close on October 22, 2024, subject to customary closing conditions.

“Driven by high investor demand, once again reflecting strong confidence and appetite for LDC credit, the bond issue was significantly oversubscribed, with orders reaching €2.4 billion from close to 160 investors. We thank investors for their continued trust in LDC’s business strategy and their positive long-term outlook for our sector and operations,” said Michael Gelchie, LDC’s Chief Executive Officer.

“Building on LDC’s recently upgraded public rating (BBB+ with stable outlook) by S&P Global Ratings, this transaction allows the Group to extend its overall maturity profile while further reinforcing its liquidity position at favorable conditions, ensuring financial flexibility and maintaining diversified funding sources for the company,” said Patrick Treuer, LDC’s Chief Financial Officer.

The proceeds will be used for general corporate purposes.

Citigroup, Crédit Agricole CIB, J.P. Morgan and Mizuho are active joint lead managers on the deal. 

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About Louis Dreyfus Company

Louis Dreyfus Company is a leading merchant and processor of agricultural goods, founded in 1851. We leverage our global reach and extensive asset network to serve our customers and consumers around the world, delivering the right products to the right location, at the right time – safely, reliably and responsibly. Our activities span the entire value chain, from farm to fork, across a broad range of business lines (platforms): Carbon Solutions, Coffee, Cotton, Food & Feed Solutions, Freight, Global Markets, Grains & Oilseeds, Juice, Rice and Sugar. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 80 million tons of products. Louis Dreyfus Company is active in over 100 countries across six geographical regions, and employs approximately 18,000 people globally.

For more information, visit www.ldc.com and follow us on social media.

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