date:May 19, 2014
Suntory Holdings Ltd., the closely held Japanese whiskey and beer maker, said it will focus on repaying debts from the $16 billion buyout of Beam Inc. before seeking further acquisitions.
The Osaka-based company plans to refinance part of its 800 billion yen ($7.85 billion) of bridge loans with 300 billion yen of subordinated loans, Chairman and President Nobutada Saji said at a briefing in Tokyo yesterday.
The remaining 500 billion yen may be refinanced by borrowings from megabanks in Japan a