Bain-Backed Group Seeks $454 Million Loan for Winemaker Vinarchy
A consortium called Australian Wine Holdco Ltd. that includes Bain Capital and Sona Asset Management Ltd. is seeking an A$700 million ($454 million) loan for a winemaker they acquired last year, people familiar with the matter said.
Commonwealth Bank of Australia has underwritten the financing for Vinarchy, a new entity created via the merger of Accolade Wines and Pernod Ricard SA 's former wine division, the people said, who asked not to be identified discussing a private matter. The bank is tapping other financiers to participate in the syndicated borrowing with a tenor of three years, comprised of term and revolving credit tranches, they added.
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