James B. Finance plc, the financing arm of James B. Holdings Limited (JBH) – the company behind the popular James Caterers – has officially launched a bond issue of up to €30 million, carrying a fixed interest rate of 5.35 per cent and maturing in 2035.

Subscription is open until 31st October 2025, unless closed earlier in the case of over-subscription.

The bonds are expected to be admitted to the Official List of the Malta Stock Exchange on 14th November 2025 (today), with trading anticipated to commence on 17th November 2025.

Applications are available for a minimum of €2,000 and in multiples of €100 thereafter, and will be accepted on a first-come, first-served basis. The bond issue is conditional on a minimum aggregate subscription of €20 million.

Purpose and use of proceeds

The bond issue is designed to strengthen the group’s financial position and support its ongoing expansion across key sectors.

Net proceeds, estimated at approximately €29.5 million, will be allocated as follows:

• €7.85 million to refinance the outstanding principal due on a BOV loan extended to complete works at the company's Bulebel facility (the Food Factory)
• €10 million to part-finance the acquisition of MHCL-KORE shares
• €6 million to refinance the Food Factory Extension
• €4.95 million for general corporate funding purposes of the JBH Group
• €0.7 million for general corporate purposes of the JCL Group

James B. Finance plc serves as the financing arm of the JBH Group, providing funding support for the operations of James B. Holdings Limited (the Guarantor) and its subsidiaries.

The €10 million to be used for the acquisition of MHCL-KORE shares refers to the recent acquisition by James Barbara of db Group's stakes in healthcare and in-flight catering and human resources ventures – a transaction worth €34.5 million.

Security and guarantee

Investors will benefit from both a guarantee and partial security attached to the bond issue.

• The bonds are jointly and severally guaranteed by James B. Holdings Limited, the parent company of the JBH Group
• The bonds are partly secured by a special hypothec over the emphyteutical site known as the Food Factory, located in the Bulebel Industrial Estate, Żejtun
• This hypothec secures up to €21.63 million, equivalent to approximately 72 per cent of the total bond issue, should it be fully subscribed

Full details of the bond issue are available in the Base Prospectus and Final Terms here.