Suntory to focus for now on repaying Beam debts

Business / Corporate May 16, 2014

Suntory to focus for now on repaying Beam debts

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 ...