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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Drinks Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
