E-Malt.com News article: The Netherlands: Heineken informs of $725 million 8-year US Private Placement

Dutch brewing giant Heineken N.V. announced on May, 11 that it has successfully placed an 8-year Private Placement loan with institutional investors in the United States for a principal amount of $725 million with a fixed coupon of 4.6%.

The start date of the loan is 13 August 2010 when the principal amount will be funded. The maturity date is 15 August 2018. J.P. Morgan placed the loan on behalf of Heineken.

The company said that the loan further improves its debt maturity profile and will be used for general corporate purposes. Heineken has already swapped the proceeds into €559 million with a weighted-average fixed coupon of 3.9%.


14 May, 2010