BNP Paribas supported Inbev at multiple levels:
• BNP Paribas was financial advisor to Inbev on the combination; the bank assisted the company and its management in structuring the deal which is the second largest M&A transaction worldwide in 2008. The deal was awarded "M&A Deal of the Year" in 2008 by Financial Times / Mergermarket.
• BNP Paribas provided the needed financing for the beverage giant, acting as Bookrunner and Mandated Lead Arranger of a USD 9.8 billion bridge to equity and a USD 45 billion syndicated acquisition facility. BNP Paribas underwrote this loan and syndicated successfully with a group of 22 banks in challenging debt markets. The USD 45 billion acquisition financing was awarded "EMEA Loan of the Year 2008" by International Financing Review (IFR).
• In November and December 2008, BNP Paribas supported the company in strengthening its equity and deleveraging through a EUR 6.4 billion rights issue and a EUR 1.2 billion accelerated bookbuilding. BNP Paribas acted as Joint Global Coordinator and Bookrunner.
• In January 2009, ABInBev moved one step further in deleveraging through the disposal of a 19.9% stake in China's Tsingtao Brewery Group to Japan's Asahi Breweries (USD 667 million) with BNP Paribas acting as financial advisor.
• The same month, BNP Paribas assisted ABInBev in diversifying its funding sources and spreading its debt maturity profile through a bond issue which was comprised of a EUR 750 million 4-year tranche, a EUR 600 million 8-year tranche and a GBP 550 million 15.5-year tranche. The bank was Active Joint Bookrunner of this European inaugural bond.
BNP Paribas was a global solution provider to Inbev in this jumbo deal. Inbev management benefited from the bank’s unique track-record and experience in multi-billion acquisition financings in the beverage industry.
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