Lehman Brothers and BNP Paribas are among four banks hoping to find buyers for most of the loan that was used to underwrite 2.77 billion of financing for Danish brewer Carlsberg’s buyout of Scottish &Newcastle.
Carlsberg and Heineken bought UK-based Scottish & Newcastle for 7.8 billion at the end of January.
Along with Danske Bank and Nordea Bank, Lehman and Paribas have arranged a meeting for potential buyers of the loan and this is expected to take place on 15 February in Copenhagen.
Syndication partners are invited to commit 185 million or 115 million to the deal. The total loan includes a non-syndicated one-year 205 million one-year term loan to be held by all arranging banks.
The remaining syndicated portion is split between three tranches, including a five-year 770 million loan.