JDE Peet’s links new debt facilities to sustainability ambitions
Company completes EUR 6.5 billion refinancing of its existing indebtedness
Amsterdam, 31 March 2021
- EUR 6.5 billion debt secured at investment grade terms with no financial covenants
- Refinancing improves the debt structure and provides financial flexibility and access to the bond market
- New facilities are linked to JDE Peet’s sustainability ambitions including a new commitment to the Science Based Target Initiative to address Climate Change
JDE Peet’s (EURONEXT: JDEP), the world’s largest pure-play coffee and tea group by revenue today announced that it has completed the refinancing of its existing indebtedness.
The EUR 6.5 billion new financing comprises two key elements:
- New, long-term investment grade debt facilities at JDE Peet’s N.V., including a EUR 1 billion term facility and a EUR 1.5 billion revolving credit facility, providing EUR 0.5 billion of additional liquidity.
- A full or substantial repayment of the indebtedness of Peet’s Coffee and JDE International B.V. respectively. The remaining indebtedness at JDE International B.V. has been amended to investment grade terms and is now unsecured.
The new facilities are provided by 25 global financial institutions.
The new EUR 2.5 bn investment grade facilities are connected to the company’s sustainability ambitions. JDE Peet’s has agreed with its core banks on a framework that leads the pricing mechanism to incentivise improvement in key sustainability areas affecting the industry and the company’s eco-system:
- Purchasing certified or verified coffee and responsibly sourced palm oil
- Supporting smallholder farmers through technical and other assistance
- Using recyclable, compostable and reusable packaging
- Reducing greenhouse gas emissions as part of our new formal commitment to the Science Based Target Initiative
“The successful refinancing of our debt and the revised capital structure is an important step in the journey of JDE Peet’s since our IPO last year. With these new facilities, we improve our debt structure, lower our cost of debt and further enhance our liquidity. I am also excited that we are embedding our sustainability goals into the capital structure of the company”, said Scott Gray, CFO of JDE Peet’s. “Linking the new facilities to our sustainability ambitions marks an important milestone in our sustainability journey and demonstrates our long-term commitment to addressing the most important environmental and social issues affecting the coffee industry and our eco-system. I am pleased as well by the endorsement from our core banking group of our sustainability strategy and our strong business profile”.
+31 20 55 81600
Investors & Analysts
+31 20 55 81212
About JDE Peet’s
JDE Peet’s is the world's largest pure-play coffee and tea company by revenue and served approximately 4,500 cups of coffee or tea every second in 2020. JDE Peet's unleashes the possibilities of coffee and tea in more than 100 developed and emerging markets through a portfolio of over 50 brands that collectively cover the entire category landscape led by household names such as L’OR, Peet’s, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona. In 2020, JDE Peet’s generated total sales of EUR 6.7 billion and employed a global workforce of more than 19,000 employees. Read more about our journey towards a coffee and tea for every cup at www.JDEPeets.com.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Industry Leading SAFR Facial Recognition for Live Video Integrated with Geutebrück VMS12.4.2021 13:00:00 CEST | Press release
Featuring real-time, automated, low-bias identification of opt-in staff and persons of interest SEATTLE, April 12, 2021 (GLOBE NEWSWIRE) -- SAFR from RealNetworks, Inc. (NASDAQ: RNWK) today announced that its SAFR facial recognition system for live video is now integrated with the Geutebrück G-Core VMS (Video Management System). SAFR for Geutebrück is an AI layer that runs on top of the G-Core VMS which provides advanced video analytics that save time and increase efficiency of surveillance operations. The best-in-class integration features live video overlays that display event details, streamlined enrollment of individuals appearing on the Geutebrück VMS directly into the SAFR identity database, and custom alarms and notifications that notify security personnel of SAFR events directly within the VMS. With so many cameras deployed, it’s impossible for security staff to monitor them effectively. SAFR matches faces appearing in live video feeds against watchlist images more effectively
Rockridge Stakes Additional Ground at the Knife Lake Copper Project, Saskatchewan12.4.2021 13:00:00 CEST | Press release
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it has recently acquired additional mineral rights through staking at its Knife Lake Copper Project located in Saskatchewan, Canada (the “Knife Lake Project” or “Property”). The Knife Lake Project, now consisting of 81 dispositions totaling 55,471 hectares (137,069 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan. With the recent staking, the Company has increased the project area by 70% from 32,663 hectares (80,712 acres). Knife Lake Claims Map: https://www.rockridgeresourcesltd.com/_resources/images/Knife-Lake-Region-20210331-003.jpg Based on encouraging observations made during the current drill program the newly acquired claims are considered to be highly prospective for VMS mineralization. The staking completed has added to the land package s
Signify share repurchase periodic update12.4.2021 13:00:00 CEST | Press release
Press Release April 12, 2021 Signify share repurchase periodic update Eindhoven, the Netherlands –Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 131,684 shares in the period April 6 to April 9, 2021. The shares were repurchased at an average price of EUR 44.36 per share and an aggregate amount of EUR 5.8 million. These repurchases were made as part of the company’s repurchase program, which was announced on February 25, 2021. Signify will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans. The total number of shares repurchased under this program to date is 968,157 shares for a total consideration of EUR 39.3 million. Details on the share buyback transactions can be found here. --- END --- For further information, please contact: Signify Investor Relations Thelke Gerdes Tel: +31 6 1801 7131 E-mail: email@example.com Signify Corporate Communications Elco
Effnet licenses its ASN.1 5G Toolset and 5G gNB CU-UP software components12.4.2021 12:07:15 CEST | Press release
Luleå, 2021-04-12 -- Effnet, a subsidiary of Effnetplattformen AB and a leading provider of 5G protocol stack software for terminals and containerized 5G RAN software as well as Header Compression software, announces today that it has licensed its ASN.1 5G Toolset and 5G gNB CU-UP software components to a leading provider of open and cloud-native 4G and 5G RAN software solutions. Effnet ASN.1 5G Toolset uses modern C++. It is portable, robust and provides high performance. It currently has support for ASN.1 in 3GPP Release 15 (RRC, F1AP, E1AP, NGAP, XnAP and NRPPa) specifications and the O-RAN E2AP specification. For more information, visit http://www.effnet.com/products/asn1/. Effnet 5G gNB CU-UP is a high quality and high-performance user plane software solution used in the Central Unit (CU) of a 5G gNB. Together with the Effnet DU software, this is a critical component to deliver data traffic (user plane) at exceedingly high rates. The software can deliver better radio resource effi
Statkraft bygger tre vindparker i Chile – verdens sørligste land12.4.2021 12:00:00 CEST | Pressemelding
(Santiago/Oslo, 12. april 2021) Statkraft skal for første gang bygge vindkraftverk i Chile, og øker dermed sin produksjonskapasitet for fornybar energi i det søramerikanske landet, hvor etterspørselen etter vann-, vind- og solkraft er stigende. Sammen med selskapets eksisterende vannkraftportefølje i Chile, vil Statkraft nå en produksjonskapasitet på 366 megawatt (MW) innen utgangen av 2023. Det 102 MW store vindprosjektet Torsa består av tre vindparker, med til sammen 19 turbiner fra den tyske produsenten Nordex. Samlet forventes vindparkene å produsere mer enn 300 GWh med fornybar energi i året – nok til å forsyne 100.000 gjennomsnittlige chilenske hjem. Prosjektet ligger i O’Higgins-regionen, 124 kilometer sør for hovedstaden Santiago. - Disse tre vindparkene øker ikke bare vår produksjonskapasitet i Chile; de utvider vår fornybarportefølje til å for første gang omfatte vindkraft. Framover planlegger vi også å inkludere solkraft i produksjonsmiksen vår, sier Statkrafts konserndirekt
Statkraft to build its first wind farms in the world’s southernmost country Chile12.4.2021 12:00:00 CEST | Press release
(Santiago/Oslo, 12 April, 2021) Statkraft, Europe’s largest renewable energy generator, will build its first wind farms in Chile, expanding its renewable energy generation capacity in the South American country amid an increasing demand for hydro, wind and solar power in the southernmost nation in the world. Combined with the company’s existing hydropower assets, Statkraft will reach a generating capacity of 366 megawatt (MW) by the end of 2023. The 102 MW Torsa wind power project consists of three wind farms, totalling 19 wind turbines supplied by German manufacturer Nordex. In total, the wind farms are expected to produce more than 300 GWh of renewable energy annually; enough power to supply 100,000 average Chilean households. The project is located in the O’Higgins region, 124 kilometres south of the capital Santiago. “These three wind farms are not only expanding our generating capacity in Chile; it is broadening our renewable energy portfolio by including wind power for the first
Notice of Annual General Meeting in Acarix AB12.4.2021 11:00:00 CEST | Press release
Notice of Annual General Meeting in Acarix AB The shareholders of Acarix AB, reg. no. 559009-0667, (the "Company"), are hereby convened to the annual general meeting to be held on Tuesday 11 May 2021. Information with respect to the coronavirus The Company is mindful of the health and well-being of its shareholders and employees. It´s important for the Company to take a social responsibility and contribute to reduce the risk of transmission of the coronavirus (Covid-19). Due to the extraordinary situation the annual general meeting will be carried out through advance voting (postal voting) pursuant to temporary legislation. Thus, it will not be possible to attend in person or through proxy at the annual general meeting. Information on the decisions of the annual general meeting will be published as soon as the outcome of the advance voting is finally compiled on 11 May 2021. Right to attend the annual general meeting and notice Shareholders wishing to attend the annual general meeting