MARR: closing of a 43 million dollars bond private placement in the USA with maturities of 7 and 10 years

Press Release

MARR: closing of a 43 million dollars bond private placement in the USA with maturities of 7 and 10 years 

Rimini, 12 July 2013 – MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the sale and distribution of food products to the foodservice, has successfully closed a 43 million dollars bond private placement with US institutional investors.

The operation, which marks MARR’s debut on the US private placement market, will enable MARR to diversify its sources of financing and extend maturities, thereby providing further strength for the process of consolidation of its reference market.

The bond loan, of which 10 million dollars with 7 years maturity and 33 million dollars with 10 years maturity, after the swap in Euros, will have an average coupon of about 5.1%.

Deutsche Bank and Banca IMI acted as the placement agents.

MARR (Cremonini Group), listed on the STAR segment of the Italian Stock Exchange, is the leading Italian company in the specialised distribution of food products to the foodservice and is controlled by Cremonini S.p.A..

With an organisation comprising more than 650 sales agents, MARR serves over 38,000 clients (mainly restaurants, hotels, pizza restaurants, holiday villages and canteens), with an offer that includes 10,000 food products, including seafood, meat, various food products and fruit and vegetables.

The company operates nationwide through a logistical-distribution network composed of 33 distribution centres, 5 cash & carry, 4 agents with warehouses and more than 700 vehicles.

In 2012, MARR achieved total consolidated revenues amounting to 1,260.0 million Euros, consolidated EBITDA of 90.1 million Euros and a Group net profit – after the minorities - of 48.3 million Euros.

For more information about MARR visit the company’s web site at www.marr.it

Press contact                                                                              Investor relations

      Luca Macario                                                                               Antonio Tiso

      lmacario@marr.it                                                                          atiso@marr.it

      mob. +39 335 7478179                                                                 tel. +39 0541 746803