Cadbury’s friends help Kraft to £5.5bn acquisition bridge

13 Nov 2009

Kraft Foods will rely on financing from many of Cadbury’s relationship banks to back a £9.8bn hostile takeover bid for the UK company, which it launched on Monday.

The US acquirer last week raised a £5.5bn bridge loan from nine banks. Of those, Barclays Capital, BNP Paribas, Citi, Deutsche Bank, HSBC and Royal Bank of Scotland all committed to a £450m Cadbury backstop loan, its main bank facility, signed in June.

BBVA, Credit Suisse and Société Générale ...

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