Cadbury plc (“Cadbury”) announces that Cadbury Schweppes Finance plc has priced a £300 million note issue under its £5 billion Euro Medium Term Programme dated 24th June 2008. The coupon on the 2014 notes has been fixed at 5.375% (semi annual) with an issue price of 99.90%. The notes will be guaranteed by Cadbury Holdings Limited and Cadbury Schweppes Investments plc. The proceeds will be used for general corporate purposes in keeping with Cadbury’s prudent capital management and its near-term objective to reduce short-term borrowings.
The joint lead managers and joint bookrunners for the issue were Bank of America/Merrill Lynch, BNP Paribas, HSBC and Royal Bank of Scotland.
About Cadbury
Cadbury is one of the world's largest confectionery businesses with number one or number two positions in over 20 of the world's 50 biggest confectionery markets. It also has the largest and most broadly spread emerging markets business of any confectionery company. With origins stretching back nearly 200 years, Cadbury's brands include many global, regional and local favourites including Cadbury Dairy Milk, Flake, Creme Egg and Green & Black's in chocolate; Trident, Dentyne, Hollywood and Bubbaloo in gum; and Halls, Cadbury Eclairs, Bassett’s and the Natural Confectionery Company in candy.
Forward Looking Statements
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