date:May 09, 2014
ark bourbons, the people said.
The fund-raising is to refinance the bulk of a $12.5 billion bridge loan, which was arranged and underwritten by Bank of Tokyo-Mitsubishi UFJ, the people said. Including the assumption of Beam's net debt, Suntory's purchase is valued at $16 billion.
Moody's Japan K.K. last week downgraded the creditworthiness of Suntory's debt to Baa2 from A3, given the high financial leverage from the acquisition, which has made the company the world's third-biggest spirits make