Carlsberg Signs New Credit Facility of €1.75b
October 04
08:11
2010
Carlsberg Breweries has entered into a new five-year multi-currency revolving credit facility of Eur1.75b. The facility is for general corporate purposes as well as partial refinancing and cancellation of the Scottish & Newcastle acquisition facilities from October 2007.
With this new credit facility in place, Carlsberg has extended the maturity profile of its bank commitments and has achieved favourable pricing and terms. Due to a significant oversubscription, the size of the credit facility was increased from Eur1.5b to Eur1.75b. A total of 21 banks are participating in the credit facility.
