Carlsberg Signs New 5-year Revolving Credit Facility of €800 Million
Carlsberg has entered into a new 5-year revolving credit facility of Eur800 million with a selected group of relationship banks. The new facility replaces the Eur1.425 billion facility signed in 2005 which was subsequently reduced to Eur1.225 billion in 2008.
With this new credit 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.Due to strong oversubscription banks commitments were consequently scaled back.
“We are very pleased with the terms of the new credit facility and the confidence that our banks once again have shown us,” says Carlsberg’s deputy chief executive and chief finance officer Jorn Jensen. A total of nine banks are participating in the new credit facility. The facility was self-arranged by Carlsberg.
