22 May 15

Retail Bond Issuance

Vandemoortele NV announces the public issuance in Belgium of bonds with a seven-year duration for a minimum amount of € 75,000,000 and a maximum amount of € 100,000,000. The subscription period will run from 22 May 2015 (9 am CET) to 2 June 2015 (4 pm CET), subject to early closing.

The bond is issued with a coupon rate of 3.06%, which means a net return of 2% for the private investor. The net revenue from this issuance will primarily be used for the early repayment of the amount outstanding under NV Vandemoortele's Revolving Facility, which was used to finance the acquisition of LAG and for the financing of general business purposes. At the date of the Prospectus the amount outstanding under the Revolving Facility is € 95 mio.

The possible remaining part of the net proceeds will be used for the financing of further business developments of the company.

KBC and Belfius are acting as Joint Lead Managers in this transaction, with BNP Paribas Fortis, ING, Rabobank and Bank Degroof as Co-Lead Managers. KBC is also acting as Global Coordinator. Investors can consult the Prospectus here.

Each decision to invest in the bonds must exclusively be based on the information included in the Prospectus (including the part “risk factors” that starts on page 16 of the summary and on page 23 of the Prospectus). In case of bankruptcy of, or breach of contract by Vandemoortele NV, the investors bear the risk not to obtain reimbursement of the amounts they would be entitled to or to lose all or part of their invested capital.

Press contact:

Dirk Durez
General Secretary
+ 32 9 242 45 11
dirk.durez@vandemoortele.com

About Vandemoortele

Vandemoortele was founded in 1899 as a Belgian family business, and has continued to grow and develop ever since. Over the last two decades, we became a European food company with leading positions in two product categories: Bakery Products (BP) and Margarines, Culinary Oils & Fats (MCOF). We are known for supplying innovative and high-quality products.

In 2021 Vandemoortele realised a turnover of around EUR 1.3 billion with 4,800 (permanent and temporary) associates. The Vandemoortele Group headquarters are located in Ghent, Belgium. We have commercial offices in 12 European countries, as well as in the United States. We operate on more than 28 high-quality production sites all over Europe, in order to ensure proximity to all our key markets. We export from Europe to 95 countries worldwide.

News & Media Contact

Marc Croonen
marc.croonen@vandemoortele.com