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UK: SABMiller increases loan to $1 billion

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The world's third largest brewer SABMiller has raised a five-year syndicated loan from an original US$750m to US1 billion, according to the Dow Jones newswire.

The report attributed the news to Dresdner Kleinwort Wasserstein, one of the lead arrangers on the deal, which said the original transaction was well-received during its syndication, attracting commitments of nearly US$1.9 billion.

As a result, the sum for which each bank has committed itself has been reduced, even though the size of the loan has been increased.

The loan will be used for general corporate purposes.


Sectors: Beer & cider

Companies: SABMiller

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