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Rémy Cointreau Announces Early Redemption Option for OCEANE Bonds

by Myfxtools
July 27, 2023
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Rémy Cointreau

Rémy Cointreau (Paris:RCO) is reminding bondholders about the timetable and procedures for the exercise related to the early redemption option of the OCEANE due on September 7, 2026. This bond bears interest at 0.125% and has a total nominal amount of EUR275.0 million (ISIN: FR0013200995). The OCEANE 2026 is convertible into new shares and/or exchangeable for existing Rémy Cointreau shares.

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Early Redemption Process

Bondholders who wish to obtain early redemption of all or part of their Bonds must submit a request to the institution where their Bonds are registered. The request period is from July 26, 2023, to August 31, 2023 (inclusive).

Early Redemption Price and Date

The early redemption price, known as the “Premium Redemption Price,” is EUR110.70, plus accrued interest of EUR0.138375 (referred to as the “redemption amount”). The redemption will be made on September 7, 2023 (referred to as the “Put Redemption Date”) exclusively in cash.

Irrevocable Redemption Requests

Once a bondholder’s early redemption request is validly presented to the relevant financial intermediary, it becomes irrevocable. Rémy Cointreau is obligated to redeem all the OCEANE 2026 included in each request forwarded to the Fiscal Agent.

About Rémy Cointreau

A World of Exceptional Experiences

All around the world, there is a discerning clientele in search of extraordinary experiences. These clients understand that different terroirs can bring forth a multitude of flavors, and they demand nothing short of perfection. At Rémy Cointreau, we have spent generations honing our expertise to meet their exacting standards.

Our clients’ dedication to savoring our products is a testament to the hard work and dedication of all those who have contributed to their development. It is for these men and women that Rémy Cointreau, a family-owned French Group, goes to great lengths to protect its terroirs and cultivate exceptional spirits that have stood the test of time while maintaining a timeless modernity.

Our portfolio boasts 14 remarkable brands, including the world-renowned Rémy Martin and Louis XIII cognacs, as well as the acclaimed Cointreau liqueur. With these exceptional spirits, we have a single ambition: to become the world leader in the industry.

To achieve this goal, we rely on the unwavering commitment and boundless creativity of our talented team of 2,021 employees. Additionally, our distribution subsidiaries strategically positioned in key markets play a crucial role in our continued success.

Rémy Cointreau is proud to be listed on Euronext Paris, underscoring our dedication to transparency and accountability.

For more information, please visit our website at www.remy-cointreau.com.

Rémy Cointreau Introduces New Line of Spirits

Published by Business Wire in 2023

Rémy Cointreau, the renowned spirits company, is excited to announce the launch of its highly anticipated new line of premium spirits. Breaking new ground in the beverage industry, this innovative collection is set to redefine the standard of excellence in the world of spirits.

Unveiling Unparalleled Craftsmanship

With a rich heritage spanning over several decades, Rémy Cointreau has perfected the art of crafting exceptional spirits. In this new venture, the company pushes boundaries by incorporating age-old techniques with contemporary flavors, resulting in an unparalleled fusion of tradition and innovation. Each spirit in the collection is meticulously crafted by master distillers, ensuring a taste experience that is truly extraordinary.

A Distinctive Variety for Every Palate

The new line of spirits boasts an exciting range of flavors to suit every discerning palate. From smooth and velvety whiskeys to vibrant and aromatic gins, there is a spirit to satisfy every taste preference. Rémy Cointreau’s team of expert craftsmen have meticulously selected the finest ingredients for each product, resulting in a harmonious blend of flavors that is simply unmatched.

Elevating the Drinking Experience

Rémy Cointreau believes that enjoying a perfectly crafted drink is not just an act, but an experience. The new line of spirits has been meticulously designed to elevate this experience, from the moment the bottle is opened to the last sip. The carefully curated presentation and elegant packaging complement the exquisite taste, inviting consumers to savor and appreciate every aspect of their drink.

Embracing Tradition, Embracing Innovation

Rémy Cointreau has always been committed to maintaining the time-honored traditions of spirit-making while embracing innovation. This philosophy is deeply ingrained in the creation of the new line of spirits, where traditional craftsmanship seamlessly merges with modern techniques and flavors. The result is a collection that pays homage to the company’s legacy while boldly embracing the future.

Availability and Future Plans

The new line of spirits from Rémy Cointreau will be available in select markets starting this year. The company is actively exploring expansion opportunities to bring these exquisite spirits to a wider audience. Stay tuned for updates on availability and exciting future developments.


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Tags: bondholdersOCEANE bondsredemption optionRémy Cointreau
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