Carlsberg secures fresh credit facility

Carlsberg secures fresh credit facility

Carlsberg has put its finances on a more solid footing by agreeing a five-year, EUR1.75bn (US$2.05bn) credit facility with its major lenders.

Carlsberg said today (4 October) that it will use the multi-currency, revolving credit facility for "general corporate purposes, as well as partial refinancing and cancellation of the Scottish & Newcastle acquisition facilities from October 2007".

The Denmark-based brewer raised its target from EUR1.5bn following strong interest from 21 banks. "We are very pleased with the terms of the new credit facility and the confidence that our banks once again have shown us," said Carlsberg's deputy CEO and CFO, Jørn Jensen.