Cadbury $6.1bn launches to general before senior closed

14 Feb 2003

Lead arrangers Bank of America, BNP Paribas, HSBC, Lloyds TSB and Royal Bank of Scotland launched the $6.1bn acquisition facility backing Cadbury Schweppes' takeover of US gum company Adams into general syndication yesterday (Thursday). Banks have been invited to commit $200m for 25bp or $100m for 20bp. This ...

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