Norton Rose Fulbright advises Louis Dreyfus Company on the issuance of its €650 million listed Eurobonds

Global law firm Norton Rose Fulbright has advised Louis Dreyfus Company (LDC), a leading global merchant and processor of agricultural goods, on the issuance by Louis Dreyfus Company Finance B.V. of senior unsecured bonds guaranteed by Louis Dreyfus Company B.V.

The 7-year bond is sized at €650 million, has a coupon of 3.5 percent per annum and is expected to be rated BBB+ by S&P Global Ratings. Application has been made for listing on the Luxembourg Stock Exchange’s regulated market.  

Founded in 1851, LDC operates across a diverse range of business lines – with activities that span the entire value chain, from origination to distribution – helping to feed and clothe up to 500 million people every year. The company employs approximately 18,000 people worldwide and is active in more than 100 countries. 

This is the first bond issue by LDC since 2021 and the first time that they have issued with the benefit of a BBB+ rating from S&P Global Ratings. 

This new issuance will contribute to enriching the company's funding sources and capacities, thus helping the group to pursue its investment strategy. 

The Paris-based Norton Rose Fulbright team advising LDC on this transaction was led by debt capital markets partner Jeremy Grant, with assistance from associates Elise Najjar and Sonya Hrytsyuk.