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Article: United States : Kraft secures $9.2 billion of Cadbury financing: filing.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
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Byline: datta03
Kraft Foods Inc said on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.
Kraft would use the proceeds of the loan to finance the proposed acquisition and refinance certain Cadbury debt, according to a filing with the U.S. Securities and Exchange Commission.
Citigroup Global Markets Inc, Deutsche Bank Securities Inc and HSBC Securities (USA) Inc served as joint bookrunners, while Citibank and Deutsche Bank AG Cayman Islands Branch served as co-administrative agents, ...