Daily News: September 15, 2014

Burger King Markets $7.25B Loan Package for Tim Hortons Buy

Reuters reported Burger King Worldwide is lining up a $7.25 billion loan package to finance its $11.5 billion acquisition of Tim Hortons, sources told Reuters.

Reuters said further the loan package, which includes a $6.75 billion, seven-year term loan B and a $500 million, five-year revolver, will launch to investors Monday, in advance of the likely closing of the acquisition.

To read the entire Reuters article, click here.

Previously on abfjournal: JPMorgan, Wells to Finance Burger King/Tim Hortons Merger, August 27, 2014