Daily News: January 2, 2018

Credit Suisse Agents $1.2B Agreement for Campbell’s Soup

Campbell’s Soup closed a $1.2 billion three-year term loan credit agreement agented by Credit Suisse, Cayman Islands Branch.

According to a related 8-K filing, the proceeds of the loans can only be used in connection with the acquisition by the company of Snyder’s-Lance, and to pay fees and expenses in connection with the credit agreement.

Credit Suisse Securities, Merrill Lynch and PNC Capital Markets were joint lead arrangers and joint bookrunners.