Politics
Vitamin Well Raises $2.2 Billion From Cross-Currency Loan Deal
Key Points
Vitamin Well Raises $2.2 Billion From Cross-Currency Loan Deal Well AB raised about $2.2 billion through a cross-currency loan offering to fund its acquisition of protein-bar maker EMPWR Nutrition Group. The Swedish beverage company sold a $1 billion US dollar loan and an €890 million ($1 billion) euro-denominated tranche at 3.5 percentage points above their respective benchmarks, the tight end of initial price talk, according to a person familiar with the matter.
Vitamin Well Raises $2.2 Billion From Cross-Currency Loan Deal
Vitamin Well AB raised about $2.2 billion through a cross-currency loan offering to fund its acquisition of protein-bar maker EMPWR Nutrition Group.
The Swedish beverage company sold a $1 billion US dollar loan and an €890 million ($1 billion) euro-denominated tranche at 3.5 percentage points above their respective benchmarks, the tight end of initial price talk, according to a person familiar with the matter.