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Carlsberg signs 5-year revolving credit facility of €800m
Carlsberg Breweries has entered into a new 5-year revolving credit facility of €800m with a selected group of relationship banks.
The new facility replaces the €1.425bn facility signed in 2005, which was subsequently reduced to €1.225bn in 2008.
With this new credit facility in place, Carlsberg has extended the maturity profile of its bank commitments and has achieved favourable pricing and terms. The facility is for general corporate purposes.
Due to strong oversubscription banks commitments were consequently scaled back.
Carlsberg’s deputy CEO and CFO Jørn P Jensen said: “We are very pleased with the terms of the new credit facility and the confidence that our banks once again have shown us.”
A total of nine banks are participating in the new credit facility. The facility was self-arranged by Carlsberg. Five banks have been awarded the title ‘Mandated Lead Arranger and Bookrunner’ and four banks have been awarded the title ‘Arranger’.
Source: Carlsberg
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