LEVERKUSEN, GERMANY – The acquisition facilities of $56.9 billion that Bayer had agreed with five underwriter banks (BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan) prior to announcement of the Monsanto acquisition has now been successfully syndicated within the group of Bayer’s core relationship bank according to a press release.
Banks were invited for two ticket sizes, $4.5 billion as Bookrunner and Mandated Lead Arranger and $1.125 billion as Lead Arranger.
More than 20 banks joined the facilities leading to 40 percent oversubscription in the syndication. “This commitment from our relationship banks makes us proud and demonstrates the support that we have for this transaction,” said Johannes Dietsch, CFO of Bayer, per the press release.
Latest from Greenhouse Management
- The Growth Industry Episode 10: State of the Horticulture Industry
- Millennium Pacific Greenhouses launches California Grown Cucumber Program
- Scientists develop vitamin A-enriched tomato to fight global deficiency
- Tennessee Green Industry Field Day scheduled for June 11
- UTIA and UT Knoxville research teams will develop automated compost monitoring system
- Ken and Deena Altman receive American Floral Endowment Ambassador Award
- [SNEAK PEEK] Leading Women of Horticulture: The women of Fairview Greenhouses & Garden Center
- [SNEAK PEEK] Leading Women of Horticulture: The inventive women of TPIE ’26
