Press Release
Refresco successfully completes EUR 400 million Term Loan B
Rotterdam, The Netherlands, July 29, 2024 – Refresco, the global independent beverage solutions provider for retailers and global, national, and emerging (GNE) brands in Europe, North America, and Australia, today announces it has successfully completed a EUR 400 million Term Loan B.
This transaction adds a new stand-alone EUR 400 million Term Loan B with an interest rate of EURIBOR plus 3.50%. Proceeds from the TLB will be used to repay its borrowings under its Revolving Credit Facility, repay EUR 100 million of its existing EUR Term Loan B (E+3.75%), and increase cash on balance sheet.
CFO Refresco, Bill McFarland, commented:
\"We are pleased with the strong market demand for our Term Loan B, and with the enhanced liquidity and financial flexibility this transaction provides. Refresco continues to deliver on our Buy & Build strategy - including our most recent announcement on our agreement to acquire Frias - while strengthening our balance sheet and improving our credit metrics. We appreciate the recognition and support of the markets.\"
No other material changes were made to the terms and conditions of the TLB. The maturity date of the TLB remains July 2029, as per the existing facilities.
As part of the transaction, the Company has also increased its Revolving Credit Facility by EUR 125 million to EUR 625 million.
About Refresco
Refresco is the global independent beverage solutions provider for retailers and global, national and emerging brands with production in Europe, North America and Australia. Refresco offers an extensive range of product and packaging combinations from juices to carbonated soft drinks and mineral waters in carton, PET, Aseptic PET, cans and glass. Refresco continuously searches for new and alternative ways to improve the quality of its products and packaging combinations in line with consumer and customer demand, environmental responsibilities and market demand. Refresco is headquartered in Rotterdam, the Netherlands and has more than 14,500 employees. www.refresco.com
Media Contacts
Refresco Corporate Communications
Hendrik de Wit
+31 6 1586 1311
hendrik.dewit@refresco.com
Press Release
Refresco announces acquisition of Frías, a leading Spanish manufacturer of plant-based drinks
Press Release
Refresco acquires VBC Bottling Company, beverage manufacturer in Modesto, California, US.
Rotterdam, The Netherlands, March 28, 2024 – Refresco, the global independent beverage solutions provider for global, national, and emerging (GNE) brands and retailers in Europe, North America, and Australia, today publishes the Annual Report 2023 of Pegasus MidCo B.V., the entity owning Refresco Group B.V.
" }, { "title": "Acquisition of alcoholic beverage manufacturer Avandis by Refresco completed", "published_at": "Mon, 02 Jan 2023 07:04 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2023/01/02/2581467/0/en/Acquisition-of-alcoholic-beverage-manufacturer-Avandis-by-Refresco-completed.html", "id": "2581467", "category": "", "text": "
Press Release
Refresco completes acquisition of Tru Blu Beverages in Australia
Press Release
Refresco expands into Australia by acquiring beverage manufacturer Tru Blu Beverages
Press Release
Refresco appoints Martha Zandbergen as Chief People and Legal Officer
Press Release
Acquisition of Majority Stake in Refresco by KKR completed
Press Release
Bill McFarland appointed as Refresco’s new CFO
PRESS RELEASE
KKR to Acquire Majority Stake in Refresco
Investment to grow critical infrastructure of leading global beverage solutions provider
Press Release
" }, { "title": "Refresco completes strategic acquisition of HANSA-HEEMANN, a major mineral water and CSD company in Germany", "published_at": "Tue, 01 Feb 2022 07:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2022/02/01/2376295/0/en/Refresco-completes-strategic-acquisition-of-HANSA-HEEMANN-a-major-mineral-water-and-CSD-company-in-Germany.html", "id": "2376295", "category": "", "text": "Press Release
" }, { "title": "Refresco to acquire three production facilities in the US from The Coca-Cola Company", "published_at": "Tue, 03 Aug 2021 16:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2021/08/03/2273985/0/en/Refresco-to-acquire-three-production-facilities-in-the-US-from-The-Coca-Cola-Company.html", "id": "2273985", "category": "", "text": "Press Release
" }, { "title": "Refresco announces acquisition of HANSA-HEEMANN, a major German mineral water and CSD company", "published_at": "Thu, 08 Jul 2021 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2021/07/08/2259596/0/en/Refresco-announces-acquisition-of-HANSA-HEEMANN-a-major-German-mineral-water-and-CSD-company.html", "id": "2259596", "category": "", "text": "Press Release
Refresco announces acquisition of HANSA-HEEMANN, a major German mineral water and CSD company
Rotterdam, the Netherlands, July 8, 2021 – Refresco, the world's largest independent bottler for retailers and A-brands in Europe and North America, today announces it has entered into an agreement to acquire HANSA-HEEMANN. This transaction is subject to regulatory approval.
HANSA-HEEMANN, headquartered in Rellingen, Germany, is a family-owned, independent beverage manufacturer with five production sites spread across Germany. Its operational excellence, industry expertise and integrated value chain enable HANSA-HEEMANN to offer customers best-in-class service. The vast majority of HANSA-HEEMANN’s volume (60%) is in mineral water, with the remaining 40% of its volume in carbonated soft drinks (CSD). HANSA-HEEMANN serves three different market segments: private label, own brands, and contract manufacturing for A-brands. HANSA-HEEMANN employs over 800 people with an annual revenue of approximately €300 million.
Commenting on the transaction, Mr. Hans Roelofs, CEO Refresco Group said:
“We are very much looking forward to welcoming HANSA-HEEMANN to Refresco. Our companies are a great fit and HANSA-HEEMANN’s expertise and capabilities will allow us to further improve our operational excellence. In addition, this acquisition will further diversify our business and product offering, which will benefit our customers. Refresco Germany and HANSA-HEEMANN are highly complementary and through this acquisition, we will be able to offer nationwide coverage to German retailers.”
Mr. Wolff Lange, Chairman of HANSA-HEEMANN’s Supervisory Board said:
“It is a promising opportunity for our family business to join Refresco as it will enable the HANSA-HEEMANN team to apply their knowledge and expertise with more impact, at a much bigger scale. Our combined capabilities will accelerate our ambitions and further enhance our offering to customers.”
Strategic rationale
Today’s announcement is a continuation of Refresco’s successful buy-and-build strategy which is a key driver of the company’s ongoing growth and value creation. With this acquisition, Refresco further enhances its position in terms of product and brand portfolio, and geographical coverage.
Acquiring HANSA-HEEMANN will bring Refresco:
Aart Duijzer to retire from Refresco. Adee Packer joins as Chief Financial Officer.
Refresco completes acquisition of Britvic's three juice bottling facilities in France
Rotterdam, the Netherlands – April 17, 2020. Refresco, the world's largest independent bottler for retailers and A-brands in Europe and North America, provides a business update on the first quarter of 2020 and short-term outlook to Bond holders in light of the Coronavirus (COVID-19) pandemic.
Refresco provides COVID-19 update to Bond holders
" }, { "title": "Refresco increases credit facility through $150 million add-on to its Term Loan B", "published_at": "Fri, 15 Nov 2019 12:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/11/15/1947960/0/en/Refresco-increases-credit-facility-through-150-million-add-on-to-its-Term-Loan-B.html", "id": "1947960", "category": "", "text": "Rotterdam, the Netherlands – November 15, 2019. Refresco announces the placement of a $150 million add-on to its existing Term Loan B by Refresco Holding B.V. (‘the Issuer”). The add-on would increase the dollar tranche from $620 million to $770 million and total outstanding term loans to €2,291 million1.
Press Release
" }, { "title": "Refresco to acquire Britvic’s three juice bottling facilities in France", "published_at": "Tue, 12 Nov 2019 07:10 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/11/12/1945083/0/en/Refresco-to-acquire-Britvic-s-three-juice-bottling-facilities-in-France.html", "id": "1945083", "category": "", "text": "Press Release
" }, { "title": "Refresco forms a strategic partnership with PepsiCo in Spain", "published_at": "Wed, 16 Oct 2019 14:03 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/10/16/1930610/0/en/Refresco-forms-a-strategic-partnership-with-PepsiCo-in-Spain.html", "id": "1930610", "category": "", "text": "Rotterdam, The Netherlands. – Refresco has reached a strategic agreement with PepsiCo for the production of part of the PepsiCo beverages volume in Spain effective 1 November 2019.
Press Release
" }, { "title": "Refresco reports increased volumes and improved operating results in Q1 2019", "published_at": "Thu, 16 May 2019 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/05/16/1843143/0/en/Refresco-reports-increased-volumes-and-improved-operating-results-in-Q1-2019.html", "id": "1843143", "category": "7125", "text": "Rotterdam, the Netherlands - May 16, 2019. Refresco publishes first quarter 2019 results of Sunshine Top B.V., the entity owning Refresco Holding B.V.
" }, { "title": "Refresco publishes Annual Report 2018", "published_at": "Tue, 26 Mar 2019 18:51 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/03/26/1794634/0/en/Refresco-publishes-Annual-Report-2018.html", "id": "1794634", "category": "7126", "text": "Rotterdam, the Netherlands - March 26, 2019. Refresco has published the Annual Report 2018 for Sunshine Top B.V., the parent company of the Refresco Group.
" }, { "title": "Refresco reports Q4 and FY 2018 results with continued volume growth and integration well on track ", "published_at": "Tue, 12 Mar 2019 07:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/03/12/1794631/0/en/Refresco-reports-Q4-and-FY-2018-results-with-continued-volume-growth-and-integration-well-on-track.html", "id": "1794631", "category": "7125", "text": "Rotterdam, the Netherlands - March 12, 2019. Refresco publishes fourth quarter and full year 2018 results of Sunshine Top B.V., the entity owning Refresco Group B.V.
" }, { "title": "Refresco acquires Cott's concentrate manufacturing business", "published_at": "Fri, 08 Feb 2019 12:48 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2019/02/08/1794630/0/en/Refresco-acquires-Cott-s-concentrate-manufacturing-business.html", "id": "1794630", "category": "7126", "text": "Press Release
" }, { "title": "Refresco group structure simplified", "published_at": "Mon, 31 Dec 2018 07:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/12/31/1794629/0/en/Refresco-group-structure-simplified.html", "id": "1794629", "category": "7125", "text": "Rotterdam, the Netherlands, December 31, 2018 Refresco is undertaking a consolidation of the companies at the top of the group upon the completion of the mandatory buy-out procedure, following the public offer by Sunshine Investments B.V., the consortium of PAI Partners SAS (\"PAI\") and British Columbia Investment Management Corporation (\"BCI\").
" }, { "title": "Refresco reports a solid overall volume increase in Q3 2018 ", "published_at": "Tue, 20 Nov 2018 07:05 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/11/20/1659377/0/en/Refresco-reports-a-solid-overall-volume-increase-in-Q3-2018.html", "id": "1659377", "category": "7125", "text": "Rotterdam, the Netherlands - 20 November 2018. Refresco publishes third quarter 2018 results of Sunshine Top B.V., the entity owning Refresco Group B.V.
" }, { "title": "Albert Heijn and Refresco make orange juice supply chain transparent", "published_at": "Thu, 20 Sep 2018 07:40 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/09/20/1584829/0/en/Albert-Heijn-and-Refresco-make-orange-juice-supply-chain-transparent.html", "id": "1584829", "category": "7126", "text": "Albert Heijn and Refresco make orange juice supply chain transparent
Consumers can follow the route of their orange juice, using blockchain
Rotterdam, the Netherlands - 31 August 2018. Refresco today announced it will present at the J.P. Morgan 2018 European High Yield & Leveraged Finance Conference in London on Friday, 7 September 2018. Presenting on behalf of the company will be CFO Aart Duijzer. The conference presentation will be available at https://refresco.com/investors/investor-centre/ on the same day.
" }, { "title": "Refresco reports Q2 2018 results: benefits of integration starting to show", "published_at": "Thu, 16 Aug 2018 06:45 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/08/16/1584821/0/en/Refresco-reports-Q2-2018-results-benefits-of-integration-starting-to-show.html", "id": "1584821", "category": "7125", "text": "Rotterdam, the Netherlands - 16 August 2018. Refresco publishes second quarter and half year 2018 results of Sunshine Top B.V., the entity owning Refresco Group B.V.
" }, { "title": "Refresco installs Supervisory Board for Sunshine Top B.V.", "published_at": "Fri, 06 Jul 2018 11:15 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/07/06/1584817/0/en/Refresco-installs-Supervisory-Board-for-Sunshine-Top-B-V.html", "id": "1584817", "category": "7125", "text": "Rotterdam, the Netherlands - 6 July 2018 Following the completion of the public offer of Refresco Group N.V. (currently named Refresco Group B.V., \"Refresco\") by Sunshine Investments B.V., the consortium of PAI Partners SAS (\"PAI\") and British Columbia Investment Management Corporation (\"BCI\"), Refresco today announces the installment of a Supervisory Board for Sunshine Top B.V., the entity indirectly owning Refresco Group B.V.
" }, { "title": "Refresco reports integrated Q1 2018 results ", "published_at": "Fri, 25 May 2018 07:09 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/05/25/1584812/0/en/Refresco-reports-integrated-Q1-2018-results.html", "id": "1584812", "category": "7125", "text": "Integration of Cott's bottling activities on track
" }, { "title": "Refresco debt to be partially refinanced following acquisition by consortium of PAI and BCI through issue of €445 million of Senior Notes due 2026", "published_at": "Mon, 23 Apr 2018 06:56 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/04/23/1485138/0/en/Refresco-debt-to-be-partially-refinanced-following-acquisition-by-consortium-of-PAI-and-BCI-through-issue-of-445-million-of-Senior-Notes-due-2026.html", "id": "1485138", "category": "7125", "text": "This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
" }, { "title": "The consortium of PAI and bcIMC owns 99.4% of all shares of Refresco following the post acceptance period - Delisting of the shares will take place on 26 April 2018", "published_at": "Wed, 04 Apr 2018 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/04/04/1459687/0/en/The-consortium-of-PAI-and-bcIMC-owns-99-4-of-all-shares-of-Refresco-following-the-post-acceptance-period-Delisting-of-the-shares-will-take-place-on-26-April-2018.html", "id": "1459687", "category": "7125", "text": "This is a joint press release by Refresco Group N.V. (\"Refresco\" or the \"Company\") and PAI Partners SAS (\"PAI\") and Cubalibre Holdings Inc., being part of a group led by the British Columbia Investment Management Corporation (\"bcIMC\"), acting jointly through Sunshine Investments B.V. (the \"Offeror\"), pursuant to Section 4, paragraph 3 and Section 17, paragraph 4 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the \"Decree\") in connection with the recommended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Refresco (the \"Shares\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Refresco. An offer is made solely pursuant to the offer memorandum, dated 22 January 2018 (the \"Offer Memorandum\"), approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, \"AFM\"). This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.
" }, { "title": "Refresco receives CMA approval for integration of Cott's UK bottling activities ", "published_at": "Thu, 29 Mar 2018 06:42 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/03/29/1455226/0/en/Refresco-receives-CMA-approval-for-integration-of-Cott-s-UK-bottling-activities.html", "id": "1455226", "category": "7125", "text": "Rotterdam, the Netherlands - 29 March 2018. Refresco (Euronext Amsterdam: RFRG), an independent bottler of beverages for retailers and A-brands in Europe and North America, today announces that the UK Competition and Markets Authority (CMA) has given the green light for the integration of Cott's bottling activities in the UK. The CMA's approval follows the sale of the Aseptic PET facility at Cott's Nelson site to Sunmagic Juice Limited.
" }, { "title": "A consortium of PAI and bcIMC declares cash offer for all shares of Refresco unconditional ", "published_at": "Tue, 20 Mar 2018 17:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/03/20/1443110/0/en/A-consortium-of-PAI-and-bcIMC-declares-cash-offer-for-all-shares-of-Refresco-unconditional.html", "id": "1443110", "category": "7125", "text": "This is a joint press release by Refresco Group N.V. (\"Refresco\" or the \"Company\") and PAI Partners SAS (\"PAI\") and Cubalibre Holdings Inc., being part of a group led by the British Columbia Investment Management Corporation (\"bcIMC\"), acting jointly through Sunshine Investments B.V. (the \"Offeror\"), pursuant to Section 4, paragraph 3, Section 16, paragraph 1 and 2 and Section 17, paragraph 1 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the \"Decree\") in connection with the recommended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Refresco (the \"Shares\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Refresco. An offer is made solely pursuant to the offer memorandum, dated 22 January 2018 (the \"Offer Memorandum\"), approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, \"AFM\"). The Offer is not being made, and the Shares will not be accepted for purchase from or on behalf of any shareholder of the Company, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum.
" }, { "title": "Refresco publishes Annual Report 2017", "published_at": "Thu, 08 Mar 2018 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/03/08/1584809/0/en/Refresco-publishes-Annual-Report-2017.html", "id": "1584809", "category": "7126", "text": "Rotterdam, the Netherlands - 8 March 2018. Refresco Group N.V. (Euronext: RFRG) today announced that it has published its Annual Report 2017 including the Financial Statements 2017.
" }, { "title": "Shareholders approve all resolutions regarding recommended cash offer by PAI & bcIMC", "published_at": "Mon, 05 Mar 2018 15:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/03/05/1415081/0/en/Shareholders-approve-all-resolutions-regarding-recommended-cash-offer-by-PAI-bcIMC.html", "id": "1415081", "category": "7125", "text": "Rotterdam, the Netherlands - 5 March 2018. Refresco Group N.V. (Euronext: RFRG) announced it held an Extraordinary General Meeting (\"EGM\") today to discuss and consider the recently announced offer to purchase all shares of the company by PAI Partners SAS (\"PAI\") and Cubalibre Holdings Inc., being part of a group led by the British Columbia Investment Management Corporation (\"bcIMC\"), acting jointly through Sunshine Investments B.V. (the \"Offeror\").
" }, { "title": "Refresco reports Q4 & FY 2017 results and starts integration of Cott's bottling activities ", "published_at": "Mon, 05 Mar 2018 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/03/05/1414516/0/en/Refresco-reports-Q4-FY-2017-results-and-starts-integration-of-Cott-s-bottling-activities.html", "id": "1414516", "category": "7125", "text": "Rotterdam, the Netherlands - 5 March 2018. Refresco Group N.V. publishes fourth quarter and full year 2017 results.
" }, { "title": "Refresco and the Offeror receive competition clearance from all authorities", "published_at": "Wed, 14 Feb 2018 18:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/02/14/1348292/0/en/Refresco-and-the-Offeror-receive-competition-clearance-from-all-authorities.html", "id": "1348292", "category": "7125", "text": "This is a joint press release by Refresco Group N.V. (\"Refresco\" or the \"Company\") and PAI Partners SAS (\"PAI\") and Cubalibre Holdings Inc., being part of a group led by the British Columbia Investment Management Corporation (\"bcIMC\"), acting jointly through Sunshine Investments B.V. (the \"Offeror\"), pursuant to Section 4, paragraph 3 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the \"Decree\") in connection with the recommended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Refresco (the \"Shares\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Refresco. An offer is made solely pursuant to the offer memorandum, dated 22 January 2018 (the \"Offer Memorandum\"), approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, \"AFM\"). The Offer is not being made, and the Shares will not be accepted for purchase from or on behalf of any Shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum.
" }, { "title": "Refresco completes acquisition of Cott's bottling activities", "published_at": "Tue, 30 Jan 2018 17:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/01/30/1314532/0/en/Refresco-completes-acquisition-of-Cott-s-bottling-activities.html", "id": "1314532", "category": "7125", "text": "Creating the world's largest independent bottler for retailers and A-brands
" }, { "title": "Launch of recommended cash offer for all shares of Refresco", "published_at": "Mon, 22 Jan 2018 18:50 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/01/22/1298704/0/en/Launch-of-recommended-cash-offer-for-all-shares-of-Refresco.html", "id": "1298704", "category": "7125", "text": "This is a joint press release by Refresco Group N.V. (\"Refresco\" or the \"Company\") and PAI Partners SAS (\"PAI\") and Cubalibre Holdings Inc., being part of a group led by the British Columbia Investment Management Corporation (\"bcIMC\"), acting jointly through Sunshine Investments B.V. (the \"Offeror\"), pursuant to Section 4, paragraph 1, Section 10, paragraphs 1 sub c and 3, and Section 18 paragraph 3 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the \"Decree\") in connection with the recommended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Refresco (the \"Shares\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Refresco. Any offer will be made only by means of an offer memorandum (the \"Offer Memorandum\") approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, \"AFM\"). The Offer is not being made, and the Shares will not be accepted for purchase from or on behalf of any Shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum.
" }, { "title": "CMA accepts Refresco's remedy proposal; Completion of the acquisition of Cott's bottling activities anticipated on 30 January 2018", "published_at": "Wed, 17 Jan 2018 07:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/01/17/1295519/0/en/CMA-accepts-Refresco-s-remedy-proposal-Completion-of-the-acquisition-of-Cott-s-bottling-activities-anticipated-on-30-January-2018.html", "id": "1295519", "category": "7125", "text": "Rotterdam, the Netherlands - 17 January 2018 Further to the announcements made by Refresco (Euronext Amsterdam: RFRG) on 25 July 2017 and 3 January 2018 regarding the acquisition of Cott's bottling activities, Refresco today announces that the UK Competition and Markets Authority (CMA) has in principle accepted the remedy proposed by Refresco. Refresco anticipates to complete the acquisition of Cott's bottling activities on 30 January 2018.
" }, { "title": "Refresco provides update of UK competition and markets authority on acquisition process Cott's bottling activities", "published_at": "Wed, 03 Jan 2018 07:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2018/01/03/1281361/0/en/Refresco-provides-update-of-UK-competition-and-markets-authority-on-acquisition-process-Cott-s-bottling-activities.html", "id": "1281361", "category": "7125", "text": "Rotterdam, the Netherlands - 3 January 2018 Further to the announcement on July 25, 2017 regarding Refresco's acquisition of Cott's bottling activities, Refresco (Euronext Amsterdam: RFRG) today provides a progress update on the UK Competition and Markets Authority (\"CMA\") process.
" }, { "title": "Refresco and a consortium of PAI and bcIMC anticipate offer launch in January 2018", "published_at": "Tue, 21 Nov 2017 17:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/11/21/1198227/0/en/Refresco-and-a-consortium-of-PAI-and-bcIMC-anticipate-offer-launch-in-January-2018.html", "id": "1198227", "category": "7125", "text": "This is a joint press release by Refresco Group N.V. (\"Refresco\" or the \"Company\"), PAI Partners SAS (\"PAI\") and British Columbia Investment Management Corporation (\"bcIMC\") acting jointly through Sunshine Investments B.V. (the \"Offeror\" or the \"Consortium\"), pursuant to the provisions of Section 7, paragraph 1 sub a of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the \"Decree\") in connection with the intended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Refresco (the \"Shares\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Refresco. Any offer will be made only by means of an offer memorandum (the \"Offer Memorandum\") approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, \"AFM\"). This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Japan, Australia or the United States.
" }, { "title": "Refresco reports Q3 2017 results; Public offer for all shares of Refresco and the acquisition of Cott's bottling activities on track", "published_at": "Thu, 09 Nov 2017 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/11/09/1178292/0/en/Refresco-reports-Q3-2017-results-Public-offer-for-all-shares-of-Refresco-and-the-acquisition-of-Cott-s-bottling-activities-on-track.html", "id": "1178292", "category": "7125", "text": "Rotterdam, the Netherlands - 9 November 2017. Refresco Group N.V. publishes third quarter 2017 results.
" }, { "title": "Refresco and a consortium of PAI and bcIMC agree on a recommended cash public offer of EUR 20 per share for all shares of Refresco", "published_at": "Wed, 25 Oct 2017 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/10/25/1152805/0/en/Refresco-and-a-consortium-of-PAI-and-bcIMC-agree-on-a-recommended-cash-public-offer-of-EUR-20-per-share-for-all-shares-of-Refresco.html", "id": "1152805", "category": "7125", "text": "This is a joint press release by Refresco Group N.V. (\"Refresco\" or the \"Company\"), PAI Partners SAS (\"PAI\") and British Columbia Investment Management Corporation (\"bcIMC\") acting jointly through Sunshine Investments B.V. (the \"Offeror\" or the \"Consortium\"), pursuant to the provisions of Section 4, paragraphs 1 and 3, Section 5, paragraph 1 and Section 7, paragraph 4 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, (the \"Decree\") in connection with the intended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Refresco (the \"Shares\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Refresco. Any offer will be made only by means of an offer memorandum (the \"Offer Memorandum\") approved by the AFM. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States.
" }, { "title": "Refresco enters into negotiations with PAI", "published_at": "Wed, 18 Oct 2017 15:42 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/10/18/1149359/0/en/Refresco-enters-into-negotiations-with-PAI.html", "id": "1149359", "category": "7125", "text": "Rotterdam, the Netherlands, 18 October 2017 - With reference to the press release dated 3 October 2017, Refresco Group N.V. (Euronext Amsterdam: RFRG) today announces it has entered into negotiations with PAI Partners SAS (PAI).
" }, { "title": "Refresco receives renewed interest from PAI", "published_at": "Tue, 03 Oct 2017 06:44 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/10/03/1139913/0/en/Refresco-receives-renewed-interest-from-PAI.html", "id": "1139913", "category": "7125", "text": "Rotterdam, the Netherlands, 3 October, 2017 - Refresco Group N.V. (Euronext Amsterdam: RFRG) announces it has received a new unsolicited, indicative and conditional proposal from PAI Partners SAS (PAI) on 3 October 2017. It regards a possible offer to acquire all 81.2 million issued shares in the company for EUR 19.75 per share, representing an aggregate cash consideration of EUR 1.6 billion. The offer includes Cott's bottling activities, Refresco's latest acquisition which is expected to see completion before year-end. The offer is subject to a number of conditions.
" }, { "title": "Refresco shareholders approve the acquisition of Cott's bottling activities", "published_at": "Tue, 05 Sep 2017 11:39 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/09/05/1107615/0/en/Refresco-shareholders-approve-the-acquisition-of-Cott-s-bottling-activities.html", "id": "1107615", "category": "7125", "text": "Rotterdam, the Netherlands - 5 September, 2017. Refresco Group N.V. (Euronext: RFRG) today announced that its shareholders have approved the acquisition of Cott's bottling activities during an Extraordinary Shareholders Meeting held today. With this transformational acquisition, right at the heart of Refresco's buy and build strategy, the company creates the world's largest independent bottler with leadership positions across Europe and North America.
" }, { "title": "Refresco continues to deliver on buy and build and organic volume growth in Q2 2017", "published_at": "Thu, 10 Aug 2017 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/08/10/1083057/0/en/Refresco-continues-to-deliver-on-buy-and-build-and-organic-volume-growth-in-Q2-2017.html", "id": "1083057", "category": "7125", "text": "Rotterdam, the Netherlands - August 10, 2017. Refresco Group N.V. publishes second quarter 2017 results. The Half Year 2017 Financial Report is available at www.refresco.com.
" }, { "title": "Refresco acquires Cott's bottling activities", "published_at": "Tue, 25 Jul 2017 06:00 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/07/25/1057486/0/en/Refresco-acquires-Cott-s-bottling-activities.html", "id": "1057486", "category": "7125", "text": "This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. Refresco Shareholders are advised to read the shareholders circular published by Refresco today. This communication is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.
" }, { "title": "Refresco reports strong volume growth in Q1 2017", "published_at": "Thu, 11 May 2017 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/05/11/982234/0/en/Refresco-reports-strong-volume-growth-in-Q1-2017.html", "id": "982234", "category": "7125", "text": "Rotterdam, the Netherlands -11 May, 2017. Refresco Group N.V. publishes first quarter 2017 results.
" }, { "title": "Refresco's Annual General Meeting adopts all resolutions", "published_at": "Tue, 09 May 2017 15:45 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/05/09/981147/0/en/Refresco-s-Annual-General-Meeting-adopts-all-resolutions.html", "id": "981147", "category": "7125", "text": "Rotterdam, the Netherlands - 9 May, 2017. Refresco Group N.V. (Euronext: RFRG) announced today that its Annual General Meeting (AGM) has approved all resolutions on the agenda of the AGM. The adopted resolutions are listed below:
" }, { "title": "Refresco rejects PAI's unsolicited non-binding proposal", "published_at": "Wed, 12 Apr 2017 09:58 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/04/12/959323/0/en/Refresco-rejects-PAI-s-unsolicited-non-binding-proposal.html", "id": "959323", "category": "7125", "text": "Rotterdam, the Netherlands, 12 April 2017 - Refresco Group N.V. (Euronext Amsterdam: RFRG) has taken notice of the rumours in the market on a proposal by PAI Partners SAS (PAI). Refresco confirms that it received an unsolicited, indicative and conditional proposal from PAI on 6 April 2017 regarding a possible offer to acquire all 81.2 million issued shares in the company at an aggregate cash consideration of EUR 1,404 million.
" }, { "title": "Refresco publishes Annual Report 2016 ", "published_at": "Tue, 14 Mar 2017 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/03/14/1584798/0/en/Refresco-publishes-Annual-Report-2016.html", "id": "1584798", "category": "7126", "text": "Rotterdam, the Netherlands - March 14, 2017. Refresco Group N.V.(Euronext: RFRG) today announced that it has published its Annual Report 2016 including the Financial Statements 2016.
" }, { "title": "Refresco delivers on strategic goals and reports higher full year 2016 adjusted net profit", "published_at": "Thu, 09 Mar 2017 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2017/03/09/933701/0/en/Refresco-delivers-on-strategic-goals-and-reports-higher-full-year-2016-adjusted-net-profit.html", "id": "933701", "category": "7125", "text": "Q4 2016 Highlights[1]:
" }, { "title": "Refresco reports increased volumes and net profit in Q3 2016", "published_at": "Thu, 10 Nov 2016 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/11/10/888601/0/en/Refresco-reports-increased-volumes-and-net-profit-in-Q3-2016.html", "id": "888601", "category": "7125", "text": "Rotterdam, the Netherlands - November 10, 2016. Refresco Group N.V. publishes third quarter 2016 results.
" }, { "title": "Free float Refresco increased to 70% ", "published_at": "Thu, 06 Oct 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/10/06/877804/0/en/Free-float-Refresco-increased-to-70.html", "id": "877804", "category": "7125", "text": "Rotterdam, the Netherlands, 6 October, 2016 - Refresco Group N.V. (Euronext Amsterdam: RFRG), an independent bottler of soft drinks and fruit juices for A-brands and retailers in Europe and the United States, announces an increase of the free float from 60% to 70%. Refresco's three largest shareholders have informed the company that they have placed 8 million shares, representing 9.9% of Refresco's ordinary share capital, with institutional investors in an accelerated book build offering.
" }, { "title": "Refresco completes acquisition of Whitlock Packaging", "published_at": "Thu, 08 Sep 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/09/08/1584794/0/en/Refresco-completes-acquisition-of-Whitlock-Packaging.html", "id": "1584794", "category": "7126", "text": "Rotterdam, the Netherlands, September 8, 2016 - Refresco Group N.V. (Euronext Amsterdam: RFRG), the leading European bottler of soft drinks and fruit juices for A-brands and retailers, announces it has successfully completed the previously announced acquisition of Whitlock Packaging, a large scale US bottler. The acquisition of Whitlock enables Refresco to create a new growth platform in North America with return and synergy potential, similar to Europe.
" }, { "title": "Refresco reports solid Q2 2016 results", "published_at": "Thu, 11 Aug 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/08/11/1584790/0/en/Refresco-reports-solid-Q2-2016-results.html", "id": "1584790", "category": "7125", "text": "Rotterdam, the Netherlands - August 11, 2016. Refresco Group N.V. publishes second quarter and half year 2016 results.
" }, { "title": "Refresco takes first step into North America by acquiring Whitlock Packaging", "published_at": "Tue, 26 Jul 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/07/26/1584786/0/en/Refresco-takes-first-step-into-North-America-by-acquiring-Whitlock-Packaging.html", "id": "1584786", "category": "7125", "text": "Rotterdam, the Netherlands, July 26, 2016 - Refresco Group N.V. (Euronext Amsterdam: RFRG), the leading European bottler of soft drinks and fruit juices for A-brands and retailers, today announced it has agreed to acquire US-based bottler Whitlock Packaging. The purchase price is USD 129 million, equal to EUR 117 million[1], on a debt and cash free basis. This represents an EV/adjusted EBITDA multiple of 7.3x and is in line with the average multiple paid by Refresco on previous transactions. The acquisition is expected to be earnings accretive in the first full year of consolidation.
" }, { "title": "Refresco increases and extends its existing syndicated loan facility", "published_at": "Mon, 04 Jul 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/07/04/1584783/0/en/Refresco-increases-and-extends-its-existing-syndicated-loan-facility.html", "id": "1584783", "category": "7125", "text": "Press release - 4 July 2016
" }, { "title": "Refresco included in AMX index at Euronext", "published_at": "Thu, 09 Jun 2016 06:02 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/06/09/1584780/0/en/Refresco-included-in-AMX-index-at-Euronext.html", "id": "1584780", "category": "7126", "text": "Press release - 9 June 2016
" }, { "title": "Refresco Gerber's Annual General Meeting adopts all resolutions", "published_at": "Thu, 12 May 2016 15:46 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/05/12/1584775/0/en/Refresco-Gerber-s-Annual-General-Meeting-adopts-all-resolutions.html", "id": "1584775", "category": "7125", "text": "Refresco Gerber N.V. (Euronext: RFRG) announced today that its Annual General Meeting (AGM) has approved all resolutions on the agenda of the AGM, including:
" }, { "title": "Refresco Gerber reports higher net profit in the quarter with low private label volumes", "published_at": "Thu, 12 May 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/05/12/1584771/0/en/Refresco-Gerber-reports-higher-net-profit-in-the-quarter-with-low-private-label-volumes.html", "id": "1584771", "category": "7125", "text": "Q1 2016 highlights:
" }, { "title": "Dutch co-packing business DIS to join Refresco Gerber ", "published_at": "Tue, 29 Mar 2016 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/03/29/1584769/0/en/Dutch-co-packing-business-DIS-to-join-Refresco-Gerber.html", "id": "1584769", "category": "7126", "text": "Press Release March 29, 2016
" }, { "title": "Refresco Gerber reports solid 2015 results and delivers on strategic goals", "published_at": "Thu, 10 Mar 2016 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/03/10/1584766/0/en/Refresco-Gerber-reports-solid-2015-results-and-delivers-on-strategic-goals.html", "id": "1584766", "category": "7125", "text": "Key indicators:
" }, { "title": "Refresco Gerber: Notification of home member state", "published_at": "Fri, 26 Feb 2016 16:45 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/02/26/1584762/0/en/Refresco-Gerber-Notification-of-home-member-state.html", "id": "1584762", "category": "7125", "text": "Press Release February 26, 2016
" }, { "title": "Refresco Gerber drives co-packing activities with acquisition of PepsiCo bottling facility in Germany", "published_at": "Wed, 24 Feb 2016 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2016/02/24/1584757/0/en/Refresco-Gerber-drives-co-packing-activities-with-acquisition-of-PepsiCo-bottling-facility-in-Germany.html", "id": "1584757", "category": "7126", "text": "Press Release February 24, 2016
Rotterdam, the Netherlands - Refresco Gerber N.V., the leading European bottler of soft drinks and fruit juices for retailers and A-brand owners, announces today that it has entered into an agreement to acquire the PepsiCo bottling facility in Hamburg, Germany. PepsiCo is one of Europe's leading food and beverage companies, offering many market-leading brands, including international household names such as Pepsi, Punica and Lipton.
Press Release 3 December, 2015
" }, { "title": "Refresco Gerber benefits from good summer in Q3 2015", "published_at": "Thu, 12 Nov 2015 06:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2015/11/12/1584745/0/en/Refresco-Gerber-benefits-from-good-summer-in-Q3-2015.html", "id": "1584745", "category": "7125", "text": "Third quarter highlights
" }, { "title": "Refresco Gerber realizes strong growth in co-packing driving improved adjusted net profit", "published_at": "Thu, 13 Aug 2015 05:30 GMT", "subject": null, "subjects": null, "xml_link": "https://www.globenewswire.com/news-release/2015/08/13/1584739/0/en/Refresco-Gerber-realizes-strong-growth-in-co-packing-driving-improved-adjusted-net-profit.html", "id": "1584739", "category": "7125", "text": "Second quarter highlights
" } ]