Bayer’s Latest Blockbuster Is Financing for Monsanto Deal: ChartBy
Bayer AG has lined up $57 billion in bridge financing to fund its acquisition of Monsanto Co. in the third largest loan deal on record. Bridge loans are typically replaced by long-term debt in the bond market. Bayer, which introduced aspirin as the first blockbuster drug in 1899, will become the world’s biggest supplier of seeds and pesticides with the transaction.
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