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

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

Credit Suisse Supports Campbell’s Acquisition of Snyder’s-Lance

Campbell Soup acquired Snyder’s-Lance for $50 per share in an all-cash transaction. Credit Suisse agreed to provide a bridge loan of up to $6.2 billion to support the purchase.

WSJ: Retailers Pressuring Food Brands to Reduce Prices

The Wall Street Journal reported that major food producers are facing lower profits as retailers insist on discounts to reduce prices.