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Carlsberg Signs New Long-term Revolving Credit Facility

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Carlsberg Signs New Long-term Revolving Credit Facility

Carlsberg Signs New Long-term Revolving Credit Facility
December 18
12:36 2013

Carlsberg Breweries has entered into a new revolving credit facility of Eur2.510 billion maturing February 2019, with an option to extend the maturity until February 2020/2021. The Facility has been signed with the group of relationship banks and replaces the Eur1.749 billion facility signed in 2010 and the Eur800 millioin facility signed in 2011.

With the new facility in place, Carlsberg has extended the maturity profile of its bank commitments and has achieved favourable pricing and terms. The facility is for general corporate purposes.

The facility gained a healthy oversubscription and was self-arranged by Carlsberg.

Carlsberg’s deputy chief executive and chief finance officer Jorn P Jensen says “We are very pleased with the terms of the new credit facility and the confidence that our banks have shown us once again.”

A total of 19 banks are participating in the facility.

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