Pernod Ricard Launches Tender Offer for Seven Notes Series, Plans New Subordinated Notes Issue

06:06 AM EDT, 10/20/2026 (MT Newswires) -- Pernod Ricard (RI.PA) initiated a tender offer for seven existing series of notes on Tuesday to help manage its capital structure and expected redemption profile, according to a same-day release. The transaction covers 600 million euros of 3.750% notes due Sept. 15, 2027, 500 million euros of 0.500% notes due Oct. 24, 2027, 600 million euros of 3.250% sustainability-linked notes due Nov. 2, 2028, 1 billion euros of 1.750% notes due April 8, 2030, 700 million euros of 3.375% notes due Nov. 7, 2030, 800 million euros of 3.250% notes due March 3, 2032, and 500 million euros of 3.750% sustainability-linked notes due Nov. 2, 2032. The French wine and spirits company also intends to issue new undated deeply subordinated notes as part of its euro medium-term note program. The tender offer will close on Oct. 27, with disclosure of the maximum acceptance amount and pricing of the new notes to take place before that date, and results to be announced on Oct. 28.