AB InBev to Pay Almost $500 Million in Bank Fees for Record Loanby
The 21 banks backing the biggest beer merger in history -- lenders from Bank of America Corp. to Bank of Tokyo-Mitsubishi UFJ Ltd. -- are set to split almost half a billion dollars in fees, documents outlining the deal’s $75 billion in bank loans show.
Anheuser-Busch InBev NV will pay $457.5 million in structuring, facility and funding fees on the financing for its purchase of SABMiller Plc, according to Bloomberg calculations based on a document published Thursday. The Belgian brewer will pay BNP Paribas Fortis SA/NV additional agency fees, according to another document.
AB InBev made a formal $107 billion offer to buy SABMiller on Wednesday, sealing a long-anticipated deal that combines the world’s biggest brewers into a company controlling about half the industry’s profit. Other lenders include Banco Santander SA, Barclays Plc, BNP Paribas SA and Deutsche Bank AG, the documents show.
AB InBev officials declined to comment on the fees.