0
0
0
s2smodern

Imperial Brands and British American Tobacco (BAT) have announced deals for new credit but say the pandemic has had little material effect on business.

Imperial Brands announced a €3.5bn (£3.13bn) multi-currency revolving credit facility (RCF). The credit line has an initial three-year term that could be extended bi-annually. BAT separately said it had priced an offering of $2.4bn (£1.95bn) notes and intends to use the proceeds for general business purposes, including paying off upcoming maturities.