According to Business Week via PharmaGossip, Sanofi has secured $10 billion in loans to facilitate its acquisition of Genzyme. The article further indicates that Sanofi will be able to replace the loans with a bond issue after the acquisition goes through.
JPMorgan Chase & Co., BNP Paribas SA and Societe Generale SA are providing the financing. Cha-ching! Let the Games begin.
Posted by Bruce Lehr September 12th 2010.