Bayer closed syndication of USD 56.9 billion acquisition facilities

Bayer has announced that 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.

Bayer said that 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.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s