ANNOUNCEMENT 26 Sep 2014
On 26 September 2014, the Japan Bank for International Cooperation (JBIC) announced signing the second overseas investment loan agreement with Suntory Holdings Limited in 2014.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation, press release of 26 September 2014, Loan for Acquisition of Beam Inc. in U.S.: http://www.jbic.go.jp/en/information/press/press-2014/0926-29410
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
The overseas investment loan agreement between JBIC and Japanese Suntory Holdings Limited was signed on 26 September 2014. The loan has a maximum value of USD 1 billion.
The loan partially finances the Japanese company's acquisition of the American company Beam Inc. (now Beam Suntory Inc.). The American company is a producer of various alcoholic spirits.
Notably, this is the second loan agreement concluded with Suntory Holdings Limited supporting the acquisition of the American company Beam Inc., see related state act.
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.