Bacardi secures ten-year finance deal

Bacardi secures ten-year finance deal

Bacardi has raised US$300m via a private placement, according to a report.

Bacardi will have to pay back the amount, plus interest, in half-yearly installments over ten years, according to the terms of the deal, a report by Reuters said.

Standard & Poor's has rated the notes BBB. No further information was given. A spokesperson for Bacardi could not be immediately reached by just-drinks.