Suntory to raise US$8B in debt, which will be used to fund recent Beam acquisition
May 9, 2014
(Industry Intelligence Inc.)
– Suntory Holdings Ltd. will raise US$8 billion in debt, which will be used to fund its recently completed buyout of Beam Inc., now called Suntory Beam Ltd., Drinks Business Review reported May 9.
The company is in talks with lenders for the sale of its senior loans worth $3.93 billion and $2.94 billion worth of subordinated loans, as well as dollar bonds that are worth around $982.7 million, for the longer-term funding.
The primary source of this article is Drinks Business Review, London, England, on May 9, 2014. Click here to read the primary source's full version of the article.