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SAB Miller Readies Big Loan For Fosters Bid

  • Reuters, Friday, August 12, 2011 10 AM
Global brewer SABMiller is putting together a bank group for a multibillion-dollar syndicated loan to back a new bid for Australian brewer Fosters, per sources.

The loan for acquisition would be one of the biggest deals of the year, and is expected to be supported by relationship banks despite volatile market conditions.

"Investment-grade companies with a proven track record of being able to access different capital products will be fine," a senior loan syndicator said.

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