The acquisition facilities of USD 56.9 billion that Bayer had agreed with five underwriter banks (BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan) prior to announcement of the Monsanto acquisition has now been successfully syndicated within the group of Bayer’s core relationship banks.
Banks were invited for two ticket sizes, USD 4.5 billion as Bookrunner and Mandated Lead Arranger and USD 1.125 billion as Lead Arranger. More than 20 banks joined the facilities leading to about 40% oversubscription in the syndication. “This commitment from our relationship banks makes us proud and demonstrates the support that we have for this transaction,” said Johannes Dietsch, CFO of Bayer.
Pricing and terms remain confidential.
For more information:
bayer.com
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