Ten banks lead SABMiller's $12.5 billion Loan

LONDON Ten banks have been formally mandated to lead global brewer SABMiller's $12.5 billion acquisition loan which backs its hostile $10 billion bid for rival Foster's , banking sources said on Thursday.

"Ten banks have signed in. The loan has been formally mandated on the agreed terms and SABMiller has sufficient funds to back the bid it's made," a senior loan banker said. SABMiller asked 12 relationship banks to provide $1.6 billion each to back the bid.