Nestle signs 10 billion euro syndicated loans


Nestle has signed two syndicated loans totalling 10 billion euros ($13.54 billion) which will be used for general corporate purposes, the company said on Tuesday.

The deal consisted of two 5 billion euro revolving credits. One of the loans has a short-term maturity and the other has a five-year maturity, including a $2.5 billion swingline.

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The loan was led by active bookrunner Citigroup. Both of the deals were oversubscribed in syndication.

ANZ, Santander, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, HSBC, ING, JP Morgan, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered Bank and UBS were bookrunners on both loans.

Bank of China, Credit Agricole and Wells Fargo acted as bookrunners on the short-term loan.

(Editing by Chris Mangham)