Nestle Borrows at 4-Year Low

Big companies, flush with cash, still well-placed to pay off debt.

Nestle, the world’s biggest food company, won the lowest rate on a European company loan in four years amid speculation larger companies are better able to withstand a stagnant economy.

The maker of Nescafe and KitKat chocolate bars agreed to pay 10 basis points more than the euro interbank offered rate to draw a 4 billion-euro ($5.4 billion) one-year revolving credit, according to data compiled by Bloomberg. That’s the lowest interest margin since a $2.25 billion deal for chemicals maker BASF SE in April 2007, according to data compiled by Bloomberg.

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