Kraft secures $9.2 bln of Cadbury financing-filing
PHILADELPHIA - Kraft Foods Incsaid on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.
Kraft would use the proceeds of the loan to finance the proposed acquisition and refinance certain Cadbury debt, according to a filing with the U.S. Securities and Exchange Commission.
Citigroup Global Markets Inc, Deutsche Bank Securities Inc and HSBC Securities (USA) Inc served as joint bookrunners, while Citibank and Deutsche Bank AG Cayman Islands Branch served as as co-administrative agents, according to the filing.
The banks participating in the new credit facility are: Citibank, Deutsche Bank AG - Cayman Islands Branch, Deutsche Bank AG - London Branch, HSBC Bank USA, Barclays Bank Plc, Banco Bilbao Vizcaya Argentaria, BNP Paribas, Credit Suisse AG -- Cayman Islands Branch, Royal Bank of Scotland Plc and Societe Generale. (Reporting by Jessica Hall; Editing by Steve Orlofsky)
© Copyright Thomson Reuters 2024. All rights reserved.