UK: Fuller, Smith & Turner secures bank deal

By just-drinks.com editorial team | 11 May 2010

UK brewer and pub group Fuller, Smith & Turner has secured a GBP100m (US$149m) bank facility to run until May 2015.

The deal provides GBP18m more funding than the London Pride brewer's current bank facility, which was due to expire in November.

"The [new] facility is on highly competitive terms and also allows the Group to arrange further funding for any suitable acquisitions," said Fuller's today (11 May).

The group will report full-year results on 11 June. In February, it said that a strong Christmas trading period would help the firm to beat expectations for the year.

Sectors: Beer & cider