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Bayer gets $14.2B loan to purchase Merck business unit

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Signage at Merck's Whitehouse Station headquarters.
Signage at Merck's Whitehouse Station headquarters. - (NJBIZ file)

Bayer has loans in place for its proposed purchase of Merck & Co.’s consumer care business, according to Bloomberg News.

The $14.2 billion loan package includes a $12.2 billion bridge facility and $2 billion term loan, and involves commitments from 23 banks, Bloomberg reported, citing a statement from BNP Paribas. The French bank coordinated the deal with Bank of America and Mizuho Financial Group.

The German company is buying the Whitehouse Station-based company’s consumer care unit as part of a refocus on brand-name treatments that can be sold directly to consumers, Bloomberg said.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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