Nestlé extends and replaces revolvers

Nestle 230x150
By Silas Brown
12 Oct 2017

Swiss food and drinks company Nestlé extended and replaced €11bn worth of one and five year loans on Wednesday.

Nestlé said it had used a one year extension option for its €4.5bn five year revolving facility, and replaced its €6bn equivalent 364-day facility with a €6.5bn equivalent 364-day revolving loan.

When the loans were signed in 2013, the five year facility was for €5.6bn (comprising $4.3bn and €1.8bn) ...

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