Reuters reported that a JPMorgan-led bank group arranged a $3 billion loan facility in support of JAB Holding Co’s $7.2 billion takeover of Panera Bread.
According to Reuters, the pro rata financing includes a $2.25 billion term loan A and a $750 million revolving credit facility.
JAB purchased Keurig Green Mountain and Krispy Kreme Doughnuts last year.
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JPMorgan Agents $6.4B in Facilities to Support Keurig Acquisition