Bacardi Seeks $1.5 Billion Loan Refinancing
Reuters reports that banking sources say Bermuda based Bacardi is self-arranging a $1.5 billion loan refinancing to reduce the company’s borrowing costs.
Commitments are due on May 5, with signing expected to take place during the the week of May 17.
Bacardi is the world’s largest privately held spirits company, which produces and markets more than 200 brands and labels, including Bacardi rum, Grey Goose vodka, Dewars Scotch whisky and more.
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