october 26, 2016 mcdonald’s developmental licencee ......october 26, 2016 mcdonald’s...

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PRESS RELEASE FOR IMMEDIATE PUBLICATION October 26, 2016 McDonald’s developmental licencee Premier Capital plc launches 10-year €65 million bond issue Premier Capital plc, the McDonald’s division of Hili Ventures, has launched a €65 million bond issue maturing in 2026. The unsecured bonds, at a nominal value of €100 per bond issued at par, bear an annual interest rate of 3.75%. Premier Capital plc is giving preference to holders of the current €24.6 million 6.8% Bonds 2017-2020 who are on the register on October 21, 2016 to subscribe to this new bond issue by surrendering their exchangeable bonds. Existing bondholders opting to exchange their holding will continue to earn an effective rate of 6.8% until March 15, 2017. Bonds remaining in issue as at March 16, 2017 will be redeemed. Proceeds from the new bond issue will be used to repay bank facilities in Malta and Latvia, partly repay bank facilities in Romania, and part-finance the projected capital expenditure to open new McDonald’s restaurants and renovate existing stores in 2017. Premier Capital plc is the Developmental Licencee for McDonald’s in the Baltic states, Greece, Malta and Romania. It currently operates 133 restaurants in six countries. The restaurant network includes 68 Drive Thru and 40 McCafe operations. More than 100 million customers are served at McDonald’s restaurants operated by Premier Capital plc every year, thanks to an international team of 7,000 people. The Premier Capital Group realises €230 million in annual turnover. The first three McDonald’s restaurants opened in Malta in 1995, growing to win 70% market share in the quick service restaurant sector. Premier Capital was established in 2005 and took over the Malta operation before acquiring the Developmental Licence for McDonald’s in Estonia, Latvia and Lithuania in 2007 and in Greece in 2011.

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Page 1: October 26, 2016 McDonald’s developmental licencee ......October 26, 2016 McDonald’s developmental licencee Premier Capital plc launches 10-year €65 million bond issue Premier

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.

Page 2: October 26, 2016 McDonald’s developmental licencee ......October 26, 2016 McDonald’s developmental licencee Premier Capital plc launches 10-year €65 million bond issue Premier

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]