Standard Bank was the lead arranger and sole lender for funding facilities of USD330 million to Coca Cola Beverages East Africa, a subsidiary of Coca Cola Beverages Africa (CCBA).
The funding was used to refinance existing facilities, strategic investments and for general corporate purposes.
Since Standard Bank’s African footprint largely matches CCBA’s operations in Africa, Standard Bank was able to provide insights into local market dynamics to best support the CCBA strategy.
This transaction illustrates Standard Bank’s ability to leverage the broader Group’s balance sheet and managed to further entrench Standard Bank’s position as the primary banker to CCBA.
CCBA was formed by The Coca Cola Company, SAB Miller and the Gutsche Family Investments, combining the bottling operations of their non-alcoholic, ready-to-drink beverage businesses in Southern and East Africa.
CCBA is the number one bottler in Africa, producing approximately 40% of the Coca Cola beverage volumes across the 12 African countries in which they operate.
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