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.

In January this year, Premier Capital plc was granted the Developmental Licence for McDonald’s in Romania, its largest market to date, with a network of 68 restaurants in 21 cities and 4,000 people.

More information about Premier Capital plc’s bond issue is available from the Prospectus dated October 21, 2016, which is downloadable at www.premiercapital.com.mt or available from authorised financial intermediaries.

Application forms are available from October 26 from authorised financial intermediaries. Subscriptions open on November 14 and close on November 16, or earlier if the bond issue is over-subscribed.

Interest on the bonds commences on November 23, 2016, and refunds of unallocated monies will be made by November 30. The bonds are expected to be admitted to The Malta Stock Exchange on November 30 and trading is expected to commence on December 1. Premier Capital plc will announce the basis of acceptance of applications and the allocation policy to be adopted by not later than Friday, November 23, 2016.

Disclaimer:

The value of investment can rise as well as fall. Past performance is not necessarily indicative of future performance. Investors should seek the advice of an independent, authorised financial intermediary before deciding to invest in listed financial instruments.

Notes to Editors / About Premier Capital plc

Premier Capital plc is the Developmental Licencee for McDonald’s in Estonia, Greece, Latvia, Lithuania, Malta and Romania, serving a 100 million customers every year and generating revenue of €230 million annually. A team of more than 7,000 people operates over 130 McDonald’s restaurants in major locations, including 68 McDrives and 40 McCafe operations. Under an ambitious investment programme, Premier Capital will open additional restaurants and remodel several others across its footprint over the next three years.

Premier Capital is the McDonald’s division of Hili Ventures, the group headquartered in Malta and present in 10 countries from the Mediterranean and North Africa to Central and Eastern Europe. Hili Ventures is engaged in multi-sited operations in partnership with McDonald’s and Apple, logistics, engineering, technology, and property with a total staff complement of 8,000 people.

Hili Ventures is a proud partner of CMA CGM, FedEx Express, IBM, Konecranes, Lenovo, NCR, Peterson, Wincor Nixdorf, and many other global brands.

PDF Press Release