The revolving credit facility will generate EUR2bn for Heineken

The revolving credit facility will generate EUR2bn for Heineken

Heineken has secured access to EUR2bn (US$2.96bn) after it closed a new revolving credit facility.

The brewer confirmed earlier today (5 May) that the facility, which replaces an existing EUR2bn arrangement that was set to mature next April, can be used “for general corporate purposes (including acquisitions)”.

The self-arranged credit line has a tenor of five years with two one-year extension options, Heineken said.

The 17 bookrunners and mandated lead arrangers of this club deal are ABN AMRO Bank N.V., Barclays Corporate, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., BNP Paribas, CM-CIC, Citi, Credit Agricole Corporate and Investment Bank, Credit Suisse, Deutsche Bank AG, HSBC Bank plc, ING Bank, Intesa Sanpaolo, J.P. Morgan Limited, Rabobank International, Raiffeisen Bank International AG and Société Générale.  

“The facility was well-received and oversubscribed, underlining Heineken's strong standing in the bank market and its high-quality credit profile,” the brewer added.

To read the official statement, click here.