Bacardi $5.1 billion acquisition of Patrón Spirits International

Overview:

• Bermuda-based liquor company Bacardi has acquired Patrón Spirits International in a $5.1 billion deal. 
• Part of the financing for the deal comes from a $2.6 billion notes offering by Bacardi.
• The Rule 144A offering consisted of $750 million 4.45% notes, $800 million 4.7% notes, $350 million 5.15% notes and $700 million 5.3% notes.  
• Bacardi is the largest privately held spirits company in the world. 
• The acquisition is expected to close in the first half of 2018. 

Kurt Stumpo - Journalist