Syndicate of 25 sups on Pernod Ricard’s €2.5bn refi

26 Apr 2012

Some 25 banks joined Pernod Ricard’s new multi-currency €2.5bn revolving credit line, which was signed this week.

The facility for the Baa3/BBB-/BB+ rated French drinks firm will be used to replace the final portion of the €12bn of debt that the company used to back its acquisition of Vin & Sprit in 2008. According to one banker, the facility received commitments of around €5bn, although ...

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