Brenntag successfully places benchmark bond for Eur 500 Million as part of a new "Dept Issuance Programme"

Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, yesterday successfully placed a new benchmark bond for EUR 500 million on the European capital market. This is the first bond to be issued by Brenntag under a recently established “Debt Issuance Programme”.

Brenntag Finance B.V. will issue the bond with a tenor of eight years and a coupon of 0.50%. The bond’s issue price stands at 99.711%. The offer received great interest and was significantly oversubscribed.

Georg Müller, Chief Financial Officer Brenntag SE: “The great interest in the bond issue underscores once again Brenntag’s high attractiveness among investors. We have taken advantage of the currently very attractive market environment to obtain long-term funding at an extremely low interest rate. Following the last Eurobond transaction in 2017, we have now successfully returned to the bond market after a four-year break. We will use the funds from the new bond to improve the maturity structure of our financial liabilities at an early stage and to support our Group’s business activities.”

The Brenntag Group’s issuer ratings currently stand at BBB (outlook positive) at Standard & Poor’s and at Baa2 (outlook stable) at Moody’s. The same ratings are likewise expected as instrument ratings for the bond.

Brenntag will use the proceeds from the bond issue to repay existing financial liabilities and to finance the Group’s general business development. The plans are for the bond to be listed on the Euro MTF Market of the Luxembourg Stock Exchange.

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