Bell Food Group successfully places CHF 300m bond
Niederer Kraft Frey advised Bell Food Group on the placement of a CHF 300 million bond with a term to maturity of 7 years. The net proceeds will be used to refinance the existing bond maturing on 16 May 2022 as well as for general financing purposes, in particular for the investment programme for Switzerland.
With this investment programme, the Bell Food Group is investing in its core Swiss business in order to further strengthen its productive capacity. The meat and convenience specialist is therefore sustainably securing its most important drivers of revenue in the long term.
The bond met with great interest and confirmed the trust placed in the substance and creditworthiness of the Bell Food Group by the Swiss capital market.
The Bell Food Group is one of the leading meat processors and convenience food specialists in Europe. Its range of products includes meat, poultry, charcuterie, seafood and convenience and vegetarian products. With brands such as Bell, Eisberg, Hilcona and Hügli, the Group meets a range of customer needs. Its customers include the retail trade as well as the food service sector and the food processing industry. Around 12,000 employees generate annual revenues of over CHF 4 billion. The Bell Food Group is listed on the Swiss stock exchange.
The NKF Team was led by Capital Markets partner Philip Spoerlé and Corporate partner Moritz Maurer, working with associate Benedikt Hadorn (Capital Markets).