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Text size [+][-]  Friday March 19 2010GLOBAL EDITION

Considered view
12 Jun 2008 18:44

Context News

Inbev has secured a $40bn commitment to finance its $46bn offer for Anheuser Busch. The Belgian-Brazilian brewer said it had lined up a consortium of eight banks, including JPMorgan and Santander, to provide all the financing for the deal. Barclays Capital, BNP Paribas, Deutsche Bank, Fortis, ING Bank and the Royal Bank of Scotland are also lending. The rest of the purchase price will be financed by selling assets and equity financing.

Inbev said it was committed to maintaining its investment grade rating.



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Who said debt markets were closed? If Inbev’s offer for rival Anheuser Busch succeeds, it will need all that debt – but still manage to keep an investment grade rating. Even banks wracked by the credit-crunch are helping out. The leverage looks aggressive, but feasible.

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More stories by:  Fiona Maharg-Bravo






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