Maison Pommery bond extension keeps Henkell deal alive

Maison Pommery & Associés won bondholder approval to push back a €45 million bond maturity by 12 months, clearing a near-term hurdle for its exclusive talks with Henkell Freixenet.

The bonds, originally due June 19, now mature June 19, 2027. Bondholders will receive a consent fee of 0.15% of the aggregate principal amount (0.215% gross) on July 3. The company requested the extension last month.

In a statement yesterday, Maison Pommery said the move allows it to continue exclusive discussions with Henkell Freixenet over a potential majority-stake sale. The talks, confirmed a week ago, are set to run for two months.

The company also said the extension supports discussions with financial partners and planned disposals of “non-strategic assets.” It added the move helps complete certification of its 2025 financial statements.

Maison Pommery, listed on Euronext Paris and Brussels, operates in the Champagne, Provence and Camargue regions of France, and in Portugal’s Douro Valley.

In March, the group reported a 3.6% drop in consolidated revenue to €293.2 million. Net income rose to €31.9 million from €800,000 a year earlier, a swing tied to the sale of Heidsieck & Co Monopole to Lanson-BCC. Net financial debt stood at €754.4 million at the end of 2025.

The bond extension removes a near-term maturity risk while the Henkell talks play out. The next deadline is the two-month exclusivity window.