In July 2009, Calyon acted as mandated lead arranger and bookrunner for the USD 810 million / EUR 582 million debt facilities in support of Kohlberg Kravis Roberts & Co’s (KKR) USD 1.8 billion LBOA leveraged buy-out is the acquisition of all a company's shares financed largely by the borrowed funds. of Oriental Brewery Co. Limited. Oriental Brewery Co. Limited is the second largest beer brewery in South Korea, with a 41% nationwide market share in 2008.

Calyon was involved in the transaction from the start and acted along seven other international banks. The transaction was oversubscribed and was successfully closed within the timeline.

This transaction is the biggest LBO in Asia for 2009 to date. The senior secured term facilities comprise a EUR 362 million equivalent term loan and a EUR 220 million equivalent floating rate note. Both are amortising with a 5-year tenor and have an average life of four years.

This transaction demonstrates Calyon’s commitment to KKR as a long standing global client. It also shows its continued presence in leveraged loan financings especially for transactions of a significant size.

Established in 1976, KKR is a global leader in Private Equity investing with a focus on large transactions. Oriental Breweries is KKR’s first investment in South Korea.