Brussels - Anheuser-Busch InBev said on Thursday it had cancelled $42.5 billion of the $75 billion committed senior acquisition facilities following recent capital markets issuances.
The Belgium-based brewer, which is taking over rival SABMiller in a $100-billion-plus takeover, said it had raised about $47 billion in net proceeds from the bond issuance announced on January 13 and $1.47 billion from the Formosa deal announced on January 20.
The maker of Budweiser beer said it intended to use net proceeds from sale of both SABMiller's stakes in MillerCoors and Miller brands, and other future disposals, to pay down and cancel the Disposals Bridge Facility in due course.
While launching its offer for rival SABMiller last year, AB InBev agreed to sell SABMiller's stake in US venture MillerCoors to help win regulatory approval.
While the MillerCoors stake sale is aimed at satisfying US regulators, it remains to be seen whether the new company will have to divest SABMiller's 49 percent stake in CR Snow, the largest brewer in China, where AB InBev already has about 14 percent of the market.
REUTERS