The US spirits and wine company Brown-Forman has secured US$700m in financing in a 364-day deal with a group of banks. The money is to be used to repurchase of up to 8.3m shares.
The company announced earlier this month that it wishes to buy back class A and B shares in a Dutch auction tender offer.
The banks involved in the deal include JPMorgan Chase Bank as administrative agent and Bank of America and Bank One as co-syndication agents.
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Just Drinks Excellence Awards - Nominations Closed
Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.
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