BELGIUM: Anheuser-Busch InBev to buy back debt
Anheuser-Busch InBev focussed on paying down debt
Anheuser-Busch InBev has said that it will redeem US$1.25bn of debt that had been due in 2014.
The Belgium-based, Budweiser brewer said late last week that it will redeeem $1.25bn-worth of notes on 20 June. It said that, in the second quarter of 2011, it expects to report $180m in one-off costs related to the move.
A-B InBev did not give a reason for its decision to buy back the debt. Following its full-year results announcement in February, group CEO Carlos Brito said that debt reduction would continue to be a key theme for the company in 2011.
A-B InBev's net debt to EBITDA ratio was 2.9 at the end of 2010 and the group wants a ratio of two by 2012.
They've been arguing for more than 100 years, but are we in danger of reaching some sort of clarity on the Budweiser trademark dispute in Europe?...
Craft Brewers Alliance has reiterated its confidence in the continuing rise of craft beer in the US, after reporting rises in nine-month sales and profits....
Anheuser-Busch InBev's Bud Light Platinum...
- Why did Mast-Jägermeister buy Sidney Frank?
- Why consumers don't care about vodka's provenance
- Pernod Ricard's FY Performance by Region, Brand
- Japan follows in Scotch whisky's footsteps
- Brown-Forman's Q1 Performance by Region, Brand
- Diageo launches glass Bulleit & Cola bottles
- Pernod Ricard "in line" after full-year results
- Pernod Ricard releases social medial guide
- Brown-Forman CEO unfazed by FX headwinds
- Bruno Mars rum rolls out across US
- Global gin insights - market data, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global vodka insights - market forecasts, product innovation and consumer trends research