Southern Wine seeks loans of $2 billion
Southern Wine seeks loans of $2 billion
May 7, 2010 6
Not even the alcohol distributors are immune from the national financial crisis.Southern Wine & Spirits of America Inc. is seeking $2 billion in loans to refinance existing debt. The Miami-based distributor is the largest in the United States.
Bank of America Corp. is arranging a $1 billion revolving credit line and a $1 billion term loan, a source said. Both loans will mature in five years.
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