Greene King, the UK ale brewer and pub operator, has repurchased GBP7m (US$11.7m) of company debt.

Greene King said today (16 November) that it has bought back GBP7m of the Greene King Finance plc GBP115m Class B2 Secured Floating Rate Notes due 2036.

It is the intention of the company to arrange cancellation of the Notes in due course, it said.

Greene King reported a 12% rise in volume sales of own-brewed beer in the first 17 weeks of its fiscal year, to 30 August.

Greene King will release its interim results for the 24 weeks to 18 October 2009 at 7am on 1 December.