october 26, 2016 mcdonald’s developmental licencee ......october 26, 2016 mcdonald’s...
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PRESSRELEASEFORIMMEDIATEPUBLICATIONOctober26,2016
McDonald’sdevelopmentallicenceePremierCapitalplclaunches10-year€65millionbondissue
PremierCapitalplc,theMcDonald’sdivisionofHiliVentures,haslauncheda€65millionbondissuematuringin2026.Theunsecuredbonds,atanominalvalueof€100perbondissuedatpar,bearanannualinterestrateof3.75%.PremierCapitalplc isgivingpreferencetoholdersofthecurrent€24.6million6.8%Bonds2017-2020whoareontheregisteronOctober21,2016tosubscribetothisnewbondissueby surrendering their exchangeable bonds. Existing bondholders opting to exchange theirholdingwillcontinuetoearnaneffectiverateof6.8%untilMarch15,2017.BondsremaininginissueasatMarch16,2017willberedeemed.ProceedsfromthenewbondissuewillbeusedtorepaybankfacilitiesinMaltaandLatvia,partlyrepaybankfacilitiesinRomania,andpart-financetheprojectedcapitalexpendituretoopennewMcDonald’srestaurantsandrenovateexistingstoresin2017.PremierCapitalplcistheDevelopmentalLicenceeforMcDonald’sintheBalticstates,Greece,Malta and Romania. It currently operates 133 restaurants in six countries. The restaurantnetworkincludes68DriveThruand40McCafeoperations.Morethan100millioncustomersareservedatMcDonald’srestaurantsoperatedbyPremierCapitalplceveryyear,thankstoaninternationalteamof7,000people.ThePremierCapitalGrouprealises€230millioninannualturnover.ThefirstthreeMcDonald’srestaurantsopenedinMaltain1995,growingtowin70%marketshareinthequickservicerestaurantsector.PremierCapitalwasestablishedin2005andtookover theMalta operation before acquiring the Developmental Licence forMcDonald’s inEstonia,LatviaandLithuaniain2007andinGreecein2011.
In January this year, Premier Capital plc was granted the Developmental Licence forMcDonald’s inRomania, its largestmarket todate,withanetworkof68restaurants in21citiesand4,000people.More information about Premier Capital plc’s bond issue is available from the ProspectusdatedOctober21,2016,whichisdownloadableatwww.premiercapital.com.mtoravailablefromauthorisedfinancialintermediaries.Application forms are available fromOctober 26 fromauthorised financial intermediaries.SubscriptionsopenonNovember14andcloseonNovember16,orearlierifthebondissueisover-subscribed.InterestonthebondscommencesonNovember23,2016,andrefundsofunallocatedmonieswillbemadebyNovember30.ThebondsareexpectedtobeadmittedtoTheMaltaStockExchangeonNovember30andtrading isexpectedtocommenceonDecember1.PremierCapitalplcwillannouncethebasisofacceptanceofapplicationsandtheallocationpolicytobeadoptedbynotlaterthanFriday,November23,2016.Disclaimer:Thevalueofinvestmentcanriseaswellasfall.Pastperformanceisnotnecessarilyindicativeof future performance. Investors should seek the advice of an independent,authorisedfinancialintermediarybeforedecidingtoinvestinlistedfinancialinstruments. NotestoEditors/AboutPremierCapitalplcPremierCapitalplcistheDevelopmentalLicenceeforMcDonald’sinEstonia,Greece,Latvia,Lithuania,MaltaandRomania,servinga100millioncustomerseveryyearandgeneratingrevenueof€230millionannually. A team of more than 7,000 people operates over 130McDonald’s restaurants in majorlocations, including 68 McDrives and 40 McCafe operations. Under an ambitious investmentprogramme, Premier Capitalwill open additional restaurants and remodel several others across itsfootprintoverthenextthreeyears.Premier Capital is theMcDonald’s division ofHili Ventures, the groupheadquartered inMalta andpresentin10countriesfromtheMediterraneanandNorthAfricatoCentralandEasternEurope.HiliVentures is engaged inmulti-sited operations in partnershipwithMcDonald’s and Apple, logistics,engineering,technology,andpropertywithatotalstaffcomplementof8,000people.HiliVenturesisaproudpartnerofCMACGM,FedExExpress,IBM,Konecranes,Lenovo,NCR,Peterson,WincorNixdorf,andmanyotherglobalbrands.
MediaEnquiriesJoannaRipard
DirectorofCommunicationsHiliVenturesLtd
Mob.+35699421231E-mail:[email protected]