The Danish brewer has agreed a new credit facility

The Danish brewer has agreed a new credit facility

Carlsberg has signed a new long-term EUR2.51bn (US$3.45bn) credit facility for “general corporate purposes”.

The facility, with a group of banks, is due to mature in February 2019, but the Danish brewer has the option to extend this to February 2020/2021, it said today (17 December). The agreement replaces a EUR1.75bn deal signed in 2010 and a EUR800m facility signed in 2011.

“We are very pleased with the terms of the new credit facility and the confidence that our banks have shown us once again,” said Carlsberg's deputy CEO & CFO, Jørn Jensen.

The facility gained a “healthy oversubscription” and was self-arranged by Carlsberg, the company said.

In October, the group announced proposed changes to its ownership structure to ease pursuit of M&A opportunities