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Wild Flavors Closes $200 Million Private Placement; Gains Funding

Posted: February 5, 2014

Wild Flavors GmbH has closed a financing transaction in the U.S. Dollar Private Placement market by issuing $200 million of senior notes.

Following the extension of its €250 million syndicated loan facility in September 2013, Wild has issued seven year senior notes carrying a coupon of 3.71% in the amount of $160 million and 10 year senior notes carrying a coupon of 4.40% in the amount of $40 million totaling $200 million.

The transaction was priced on November 21, 2013 with a deferred payment and settlement (closing) on February 5, 2014.

”This transaction marks yet another milestone in Wild's development. It broadens Wild’s funding base and significantly improves our maturity profile, while providing sufficient resources for further growth," said Christoph Schmitz, Global CFO of Wild.

The news follows earlier speculation that said Wild Flavors GmbH owner Hans-Peter Wild and buyout firm KKR & Co. were reportedly exploring a possible sale valued at as much as $2 billion, or an initial public offering. Reports remain unconfirmed.

In the last year, Wild has boosted its presence in Brazil and acquired aroma chemical producer Alfrebro, among other activities.