Pernod Ricard launches seven-note tender. Pernod Ricard stock falls 1.07 percent.
Published on 10/21/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDebt refinancing and operating pressure
- Pernod Ricard launched a tender offer covering seven note series on October 20, 2026.
- First-quarter fiscal 2026/27 sales reached EUR 2.234 billion, down 6.30 percent reported.
- Pernod Ricard stock traded at EUR 66.36 at 10:03 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.07 percent below the Xetra close of October 20, 2026.
- The tender deadline is October 27, 2026, with results expected on October 28, 2026.
Pernod Ricard (ISIN FR0000120693) launched a tender offer covering seven existing note series on October 20, 2026, alongside plans to issue new undated deeply subordinated notes, according to Pernod Ricard. The stock was down 1.07 percent at EUR 66.36 at Lang & Schwarz on October 21, 2026, versus the Xetra close of EUR 67.08 on October 20, 2026.
What does seven-note refinancing change?
The operation covers notes maturing between September 2027 and November 2032 and includes a planned new euro-denominated issue. Pernod Ricard said the transaction is intended to manage its capital structure and redemption profile. The offer runs until October 27, 2026, at 4:00 p.m. Paris time, while results are expected on October 28, 2026, according to Pernod Ricard.
Operating pressure sets the backdrop
On October 15, 2026, Pernod Ricard reported first-quarter fiscal 2026/27 sales of EUR 2.234 billion, down 0.90 percent organically and 6.30 percent on a reported basis, according to Business Wire. Sales fell 10.00 percent in the United States and 25.00 percent in China, while volumes increased 6.00 percent.
The chronology shows the shift from operating results to balance-sheet management. On October 15, 2026, the company published the EUR 2.234 billion first-quarter sales figure; on October 16, 2026, Ideal Investisseur reported that UBS raised its target from EUR 68.00 to EUR 70.00; on October 20, 2026, Pernod Ricard announced the seven-series tender offer.
Which dates come next?
The next two substantiated dates are October 27, 2026, when the tender closes at 4:00 p.m. Paris time, and October 28, 2026, when Pernod Ricard expects to publish the results. The annual general meeting is scheduled for November 20, 2026, while first-half fiscal 2026/27 sales and results are scheduled for February 18, 2027.
Stock price reflects the pressure
Pernod Ricard stock was trading at EUR 66.36 at Lang & Schwarz on October 21, 2026, at 10:03 a.m. CEST, down 1.07 percent versus the Xetra close of EUR 67.08 on October 20, 2026. The primary listing is on Euronext Paris, where the company trades under ticker RI and belongs to the CAC 40.
The further course of trading is shown by the continuously updated real-time quote of Pernod Ricard stock.
Pernod Ricard stock facts
- Company: Pernod Ricard S.A.
- ISIN: FR0000120693
- Ticker: RI
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 21, 2026, 10:03 a.m. CEST): EUR 66.36
- Change versus Xetra close: minus 1.07 percent
- Xetra close (October 20, 2026): EUR 67.08
- Market capitalization: EUR 16.6 billion (as of October 21, 2026)
- 52-week range: EUR 57.90-EUR 90.20 (as of October 21, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
- Index membership: CAC 40
Market context: Market report CAC 40.
