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.

Large companies with international operations have about twice as much cash as short-term loans and are well-placed to meet debt redemptions amid Europe's deepening crisis, according to Alberto Gallo, senior credit strategist at Royal Bank of Scotland Group Plc. The average interest margin of 53.5 basis points more than Euribor on high-grade loans may rise as lenders pass on their own increased funding costs, Bloomberg data show.

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