AHP/CYANAMID TENDER OFFER WILL BE FINANCED BY $9 BIL. CREDIT FACILITY
This article was originally published in The Tan Sheet
Executive Summary
AHP/CYANAMID TENDER OFFER WILL BE FINANCED BY $9 BIL. CREDIT FACILITY organized by Chemical Securities, according to Securities and Exchange Commission documents filed by AHP on Aug. 10. Chemical Bank has committed to providing up to $1.2 bil. of the credit facility required for American Home Products' proposed takeover of American Cyanamid and will act as administrative agent to secure the remaining financing.