Reported 1 day ago
Mars Inc. is aiming to secure at least $1 billion in private debt ahead of its $36 billion acquisition of food producer Kellanova. The company is negotiating with institutional investors for the issuance of high-grade debt with varying maturities. The sale is part of a larger financing strategy intended to refinance an existing $29 billion bridge loan, as Mars prepares for a potential bond sale, possibly in early 2025.
Source: YAHOO