Kraft Foods obtains 364-day, US$4B revolving line of credit to use for general corporate purposes
March 15, 2012
– Kraft Foods Inc. obtained a 364-day, US$4 billion revolving line of credit to use for general corporate purposes, Bloomberg reported March 14.
The company said in a regulatory filing that the debt was arranged by Barclays Plc, Citigroup Inc., JPMorgan Chase & Co. and Royal Bank of Scotland.
By the end of the year, Kraft plans to spin off its North American grocery business to focus on selling snack foods in emerging markets.
The primary source of this article is Bloomberg, New York, New York, on March 14, 2012.