SABMiller brewing up $2.5bn refinancing at 60bp

Brewing firm SABMiller has launched a five year plus one plus one loan facility paying a margin of 60bp to its relationship banks. The $2.5bn refinancing line is being marketed to the group’s core lending group and is led by Bank of America Merrill Lynch and Commerzbank.

  • 01 Mar 2011

“The pricing on this, like with other recent deals, is very aggressive,” said a loans banker familiar with the deal. “But then SABMiller has a huge wallet and is a global name, so banks are willing to subsidise its borrowings.”

As bankers in the market expect a flood of ...

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