JAB Holdings B.V.’s $500 Million Notes Offering

White & Case LLP has advised BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and the other initial purchasers on the offering.

JAB Holdings B.V. executed its offering of US$500 million in aggregate principal amount of 2.200% senior notes due 2030.

The notes are guaranteed by JAB Holding Company s.a.r.l., an investor in consumer-focused industries with attractive long-term dynamics, including strong growth prospects, attractive margin and cash flow characteristics, and proven resiliency. Together with JAB Consumer Fund, JAB Holding Company is the largest shareholder of Keurig Dr Pepper, a leader in the North American beverage market and has controlling stakes in JDE Peet’s, the largest pure-play fast-moving consumer goods coffee company in the world; Panera Bread, a leading bakery-cafe company; Pret A Manger, a leading company in the ready-to-eat food market; Caribou Coffee Company, a specialty retailer of high quality premium coffee products; Einstein Noah Restaurant Group, the leader in the North American bagel category; Krispy Kreme Doughnut, a global leader in doughnuts and other premium-quality sweet treats; Espresso House, the largest branded coffee shop chain in Scandinavia; Compassion-First, a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States; and National Veterinary Associates, one of the largest veterinary and pet care services organizations in the world. JAB Holding Company is also the largest shareholder in Coty Inc., a global leader in beauty, and owns luxury goods company Bally.

The White & Case Capital Markets team that advised the initial purchasers was led by partners Andrew Weisberg (New York; Picture), James Greene (London), Rebecca Emory and Gernot Wagner (both in Frankfurt); and associates Abigail Simon, Jake Lee (both in New York), Charlotte Thacker, Lucy Liu, and portfolio lawyer Juliana Leao (all in Frankfurt). They were supported by tax partner Chad McCormick (Houston), and associate Kyle Ezzedine (New York).

Involved fees earner: Juliana Carneiro Leao – White & Case; Rebecca Emory – White & Case; Kyle Ezzedine – White & Case; James Greene – White & Case; Jake Lee – White & Case; Lucy Liu – White & Case; Chad McCormick – White & Case; Abigail Simon – White & Case; Gernot Wagner – White & Case; Andrew Weisberg – White & Case;

Law Firms: White & Case;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; J.P. Morgan Securities LLC;

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Author: Ambrogio Visconti