New Issue: Pernod Ricard prices $600 million 3.25% 10-year notes at 147 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., June 1 – Pernod Ricard SA sold $600 million of 3.25% 10-year notes at a 147 basis points spread over Treasuries on Wednesday, a market source said.

The notes (Baa2/BBB-/BBB-) were talked at 150 bps over Treasuries, plus or minus 3 bps.

BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities, LLC were the lead managers.

Pernod Ricard is a Paris-based wine and spirits producer.

Issuer:	Pernod Ricard SA
Amount:	$600 million
Maturity:	June 8, 2026
Securities:	Notes
Bookrunners:	BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities, LLC
Coupon:	3.25%
Spread:	Treasuries plus 147 bps
Pricing date:	June 1
Ratings:	Moody’s: Baa2
	S&P: BBB-
	Fitch: BBB-
Price guidance:	Treasuries plus 150 bps, plus or minus 3 bps

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