Already a Bloomberg.com user?
Sign in with the same account.
Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, said it will fund the acquisition of Mexico’s Grupo Modelo SAB with $14 billion of new loans.
The maker of Budweiser got a three-year, $8 billion term loan and a $6 billion facility for as long as two years, the Leuven, Belgium-based company said today in a statement.
The company expects its net debt to be below the target of 2 times its earnings before interest, tax, depreciation and amortization in 2014.
AB InBev said today it agreed to buy the remainder of Modelo it doesn’t already own for $20.1 billion, gaining full control of the Corona maker to increase its presence in emerging markets.
To contact the reporter on this story: Patricia Kuo in London at email@example.com
To contact the editor responsible for this story: Faris Khan at firstname.lastname@example.org