Maison Pommery & Associés has won bondholder approval to push back the maturity of a €45m ($51.9m) bond issue by 12 months.
In a statement yesterday (9 June), Maison Pommery said the move would allow it to continue its exclusive talks with Henkell Freixenet over the possible sale of a majority stake in the Champagne producer.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The bonds, originally due to mature on 19 June, will now mature on 19 June 2027. A consent fee of 0.15% of the aggregate principal amount of the bonds (0.215% gross) will also be paid to bondholders on 3 July. The company requested the extension last month.
The approval comes a week after Maison Pommery confirmed it had started talks with Henkell Freixenet over a proposed “strategic combination”. The talks are due to run for two months.
Maison Pommery said the bond extension would also support discussions with financial partners and planned disposals of “non-strategic assets”.
The company, listed on Euronext Paris and Brussels, operates in the Champagne, Provence and Camargue regions of France, as well as in Portugal’s Douro Valley.
The group added the move would help it complete the certification of its 2025 financial statements.
In results published in March, the group reported a 3.6% fall in consolidated revenue to €293.2m.
However, the company’s net income rose to €31.9m, from €800,000 a year earlier. The increase was linked to the sale of Heidsieck & Co Monopole to Lanson-BCC.
Net financial debt stood at €754.4m at the end of 2025.
