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Goldman, Merrill to Finance Amazon $13.7Bn Acquisition of Whole Foods

June 19, 2017

[Photo: Screen Grab from NBC News]


In case you were wondering, Amazon isn’t planning to use its horde of cash – if one exists - to finance its $13.7 billion acquisition of Whole Foods. Instead, the firm expects to pay with debt financing from Goldman Sachs and Bank of America Merrill Lynch – that, according to a filing on Amazon’s website.


"The Company expects to finance the Merger with debt financing, which could include senior unsecured notes issued in capital markets transactions, term loans, bridge loans, or any combination thereof, together with cash on hand. In connection with entering into the Merger Agreement, the Company has entered into a commitment letter (the “Commitment Letter”), dated as of June 15, 2017, with Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Bank of America, N.A. … in an aggregate principal amount of up to $13.7 billion (the “Bridge Facility”), to fund the consideration for the Merger."


Goldman Sachs, which will have the lead role on the financing, will be the only firm to receive any "brokerage fees, commissions or finder's fees" on the transaction.