Bayer’s Latest Blockbuster Is Financing for Monsanto Deal: Chart

(Bloomberg) -- Bayer AG has lined up $57 billion in bridge financing to fund its acquisition of Monsanto Co. in the third largest loan deal on record. Bridge loans are typically replaced by long-term debt in the bond market. Bayer, which introduced aspirin as the first blockbuster drug in 1899, will become the world’s biggest supplier of seeds and pesticides with the transaction.

To contact the reporter on this story: Claire Boston in New York at cboston6@bloomberg.net. To contact the editors responsible for this story: Nabila Ahmed at nahmed54@bloomberg.net, Kenneth Pringle, Sophie Caronello