Hearty demand for Panera financing

摘要

A US$3bn loan backing the US$7.2bn takeover of bakery chain PANERA BREAD by JAB HOLDING has already benefited from strong demand from lenders with a big appetite for the deal. The loan, led by JP Morgan, has been syndicated successfully to the top-tier banks. The current syndicate of nine banks, including three top leads, will be broadened later, though some banks are expected to keep their present hold levels.