NETHERLANDS: Heineken boosts financing with loan placement

By | 11 May 2010

Heineken acts to further secure financing

Heineken acts to further secure financing

Heineken has placed an eight-year, US$725m private placement loan with institutional investors in the US.

The start date for the loan, which has a fixed coupon rate of 4.6%, is 13 August. It matures on 15 August 2018.

"The loan further improves Heineken's debt maturity profile and will be used for general corporate purposes," the brewer said today (11 May).

The brewer said that it has already swapped the proceeds into EUR559m with a weighted-average fixed coupon of 3.9%.

Last month, Heineken completed its US$5.5bn purchase of Mexico's FEMSA Cerveza.

Sectors: Beer & cider

Companies: Heineken, FEMSA

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