MeDirect Bank (Malta) plc would like to announce that we are accepting applications for the new bond issue by James B. Finance p.l.c.
James B. Finance p.l.c., a public limited liability company registered under the laws of Malta with company registration number C 113149, has announced the issue of up to €30,000,000 5.35% Bonds due 2035.
Application Period and Listing
The offer period for subscription runs from 13 October 2025 to 31 October 2025, unless closed earlier due to over-subscription. The Bonds are expected to be admitted to the Official List of the Malta Stock Exchange on the 14th of November 2025, with trading anticipated to commence on the 17th November 2025.
Applications must be for a minimum of €2,000 and in multiples of €100 thereafter.
Use of Proceeds
Net proceeds from the Bond Issue, estimated at approximately €29.5 million, will be utilised as follows:
- €7.85 million to refinance the outstanding principal due under the BOV Facility held by James Caterers Limited;
- €10 million to part-finance the acquisition of MHCL-KORE Shares by the Guarantor;
- €6 million to refinance the Food Factory Extension;
- €4.95 million for general corporate funding purposes of the JBH Group; and
- €0.7 million for general corporate purposes of the JCL Group.
The Bond Issue is conditional on a minimum aggregate subscription amount of €20 million.
Company Background
James B. Finance p.l.c. is the financing arm of the JBH Group, which operates across the catering, healthcare, and staff outsourcing sectors. The Issuer does not engage in trading activities of its own but raises finance to support the operations of the Guarantor, James B. Holdings Limited, and other group entities.
The JBH Group’s major subsidiaries include James Caterers Limited, Malta Healthcare Caterers Limited, and Kore Inflight Services Limited. The Group provides a range of services including hospital catering, domiciliary care, and in-flight catering, and is a leading operator within Malta’s healthcare and catering industries.
Security and Guarantee
The Bonds are partly secured and guaranteed as follows:
- 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 collateral in the form of a special hypothec over the Emphyteutical Site known as the Food Factory, located in the Bulebel Industrial Estate, Zejtun.
- The hypothec, as approved by INDIS Malta, secures up to €21.63 million, representing approximately 72% of the total bond issue should it be fully subscribed.
Full details about this bond are set out in the Base Prospectus and Final Terms dated 10 October 2025 on the issuer’s website accessible from https://jclholdings.com/investor-relations/.
Applications for this bond will be accepted on a first-come, first-served basis. If you are interested in applying, please send a Secure Mail via the MeDirect platform or contact your Relationship Manager.
For further information, please call us on (+356) 2557 4400 or send an email to customerservice@medirect.com.mt.
The information set forth in this email is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue.
The financial instruments discussed are intended for retail clients, however, may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.
MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.
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