News

US: Anheuser-Busch InBev completes US$3bn note pricing

Most popular

The alcohol industry is about to become less sweet

Why a sale of Casella is no slam-dunk

Sustainability cues offer a marketing opportunity

How the sugar tax has transformed soft drinks

The digitalisation of the supply chain - Focus

MORE

Anheuser-Busch InBev has completed a US$3bn note pricing.

The global brewer, which has been raising funds throughout this year to help pay off a loan to acquire Anheuser-Busch last last year, said yesterday (14 May) that the $3bn pricing is made up of $1.55bn aggregate principal amount of notes due 2014, $1bn aggregate principal amount of notes due 2019 and $450m aggregate principal amount of notes due 2039.

The notes will bear interest at an annual rate of 5.375% for the five-year notes, 6.875% for the ten-year notes and 8% for the 30-year notes and will mature on 15 November, 2014, 2019 and 2039, respectively.

The net proceeds from the sale of the notes will be used to repay short term debt and to repay a portion of the outstanding indebtedness incurred for the purpose of financing the A-B acquisition, the company said.

"We are pleased to have successfully completed an additional capital market transaction, having now raised US$11.5bn in 2009," said Felipe Dutra, A-B InBev's CFO. "The proceeds from this transaction allow us to further term out our debt maturity profile and, in line with our commitment, substantially reduce debt maturing prior to November 2010."

Earlier this month, A-B InBev sold its South Korean unit, Oriental Brewery, to private equity group Kohlberg Kravis Roberts & Co for $1.8bn.


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

Related Content

Anheuser-Busch InBev Performance Trends 2014-2018 - results data

Anheuser-Busch InBev Performance Trends 2014-2018 - results data...

Anheuser-Busch InBev full-year 2017 results - Preview

Anheuser-Busch InBev full-year 2017 results - Preview...

How did Anheuser-Busch InBev perform in Q1 2019? - results data

How did Anheuser-Busch InBev perform in Q1 2019? - results data...

Boom or bust for gin, the future for Anheuser-Busch InBev and Diageo's Capital Markets Day - The just-drinks Analyst

Boom or bust for gin, the future for Anheuser-Busch InBev and Diageo's Capital Markets Day - The jus...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?