[Get our Twitter updates here.]

Anheuser-Busch InBev, the world’s biggest brewer, plans to sell $5.5 billion of debt in a four-part offering, according to Bloomberg News. From the story:

The brewery, formed by InBev NV’s acquisition of Anheuser- Busch Cos. last year, is taking advantage of low absolute yields and investor demand for corporate bonds to trim its buyout debt. … Since the $52 billion merger, AB InBev has slashed staff, culled brand-marketing budgets and sold assets.

Last week, Anheuser-Busch InBev said it agreed to sell its amusement-park business, including SeaWorld and Busch Gardens, to Blackstone Group for as much as $2.7 billion. Paying off debt quickly is one of the brewer’s highest priorities.

Anheuser-Busch InBev will use the proceeds from the new debt issue to repay existing borrowings, wrote Craig Hutson, bond analyst with Gimme Credit in Chicago. Hutson assigned an “improving” credit score to the company, citing its “strong free cash flow.”

“We expect the company to make continued progress on its balance sheet in the near-term,” said Hutson, who recommended that investors buy the debt.