Bayer Said Planning to Meet Banks for $57 Billion Monsanto Loan

Bayer AG plans to meet banks this week as it works on a $57 billion bridge loan backing its proposed takeover of Monsanto Co. and create the world’s biggest supplier of seeds and pesticides.

The talks Tuesday will form part of the syndication of the loan agreed between lenders and the Leverkusen, Germany-based company, according to people familiar with the matter, who are not authorized to speak publicly and asked not to be identified.