Deals
Bayer Said to Close $57 Billion Monsanto Bridge-Loan Syndication
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Bayer AG finalized the syndication of a $57 billion bridge loan to support its acquisition of Monsanto Co., the world’s biggest seed supplier.
A total of 27 lenders joined the 12-month deal including European and Japanese banks, according to information from people familiar with the matter, who are not authorized to speak publicly and asked not to be identified. Bank of America Corp., Credit Suisse Group AG, Goldman Sachs Group Inc., HSBC Holdings Plc and JPMorgan Chase & Co. are arranging the loan deal, the people said.