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Press release from Business Wire

IFF Announces Pricing of $300 Million Senior Notes Offering

Monday, April 01, 2013

IFF Announces Pricing of $300 Million Senior Notes Offering

17:41 EDT Monday, April 01, 2013

NEW YORK (Business Wire) -- International Flavors & Fragrances Inc. (NYSE: IFF) announced today it has priced an underwritten public offering of $300 million aggregate principal amount of 3.20% senior notes due 2023. The offering is expected to close on April 4, 2013, subject to customary closing conditions. IFF intends to use the net proceeds from the sale of the notes of the offering for general corporate purposes, including working capital.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. The offering of the notes is being conducted pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”), and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained on the SEC's website at www.sec.gov or from:

Morgan Stanley & Co. LLC             J.P. Morgan Securities LLC
180 Varick Street 383 Madison Avenue
New York, NY 10014 New York, NY 10179
Attn: Prospectus Department

Attn: Investment Grade Syndicate Desk

866-718-1649 212-834-4533
 

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security, including the notes. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Cautionary Statement under the Private Securities Litigation Reform Act of 1995

This press release includes “forward-looking statements” under the Federal Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the satisfaction of customary closing conditions with respect to the offering of the notes, prevailing market conditions, and the anticipated use of the proceeds of the offering of the notes which could change as a result of market conditions or for other reasons, and corporate considerations and the impact of general economic, industry or political conditions in the United States or internationally. Additional risks and uncertainties relating to the offering, IFF and its business can be found in IFF's SEC filings, including IFF's Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Commission on February 26, 2013. IFF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

About International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, sweet goods and food products. IFF leverages its competitive advantages of consumer insight, research and development, creative expertise, and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 5,700 employees working in 32 countries worldwide.

Investor Relations:
International Flavors & Fragrances Inc.
Shelley Young, 212-708-7271
Director, Investor Relations

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