Closely held Suntory Holdings Ltd. said it will focus on repaying debts from its $16 billion buyout of Beam Inc. before seeking further acquisitions.
The Osaka-based whisky and beer maker plans to refinance part of its ¥800 billion bridge loans with ¥300 billion in subordinated loans, Chairman and President Nobutada Saji said Thursday in Tokyo.
The remaining ¥500 billion may be refinanced by borrowings from Japan's mega-banks and by issuing corporate bonds domestically and overseas, he said.