Sullivan & Cromwell opens the taps on Anheuser-Busch InBev's $46bn bond sale
US firm has been mandated to advise on brewing behemoth on its bond sale as Allen & Overy advises bookrunners
January 15, 2016 at 05:58 AM
2 minute read
Sullivan & Cromwell has advised Anheuser-Busch InBev on the sale of $46bn (£32bn) of bonds to fund its takeover of rival SABMiller.
The move sees the drinks company, which owns brands including Budweiser and Stella Artois, increase its original $25bn (£17.4bn) offering as heavy demand has seen over $100bn (£69.7bn) worth of investor orders. The sale is reported to be the second biggest ever corporate issue of bonds.
Sullivan & Cromwell's trans-Atlantic team is being led by London partner George White and New York partner Francis Aquila who are advising on the corporate finance aspects of the deal.
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