Master Blenders tweaks terms after pushback

摘要

Banks have changed the terms on a €7.6bn-equivalent merger and refinancing loan for Dutch coffee and tea company de master blenders after investors protested about delayed fee payments. Investors were unhappy that fee payments were conditional on the completion of the merger between DE Master Blenders and the coffee business of Mondelez International. Mondelez and Master Blenders had announced in May that they would combine their coffee businesses into a new company called Jacobs Douwe Egberts. Arranging banks Bank of America Merrill Lynch, JP Morgan and Morgan Stanley have adjusted the deal to guarantee the fee payments.