Kraft Sells $9.5B In Notes To Fund Cadbury Deal

By Abigail Rubenstein

Law360, New York (February 04, 2010, 6:14 PM ET) -- Kraft Foods Inc. on Thursday launched a four-part offering of $9.5 billion in notes to help finance its $19 billion acquisition of U.K. confectioner Cadbury PLC.

The debt offering included $1 billion of 2.625 percent notes due 2013, $1.75 billion of 4.125 percent notes due 2016, $3.75 billion of 5.375 percent notes due 2020 and $3.5 billion of 6.5 percent notes due 2040. Settlement is expected Feb. 8.

Underwriters for the bond offering include Barclays Capital Inc., BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global...
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