Carlsberg Signs New 5-year Revolving Credit Facility of EUR 800m

The new facility replaces the EUR 1.425bn facility signed in 2005 which was subsequently reduced to EUR 1.225bn in 2008.

Dec 19 2011 --- Carlsberg Breweries A/S has entered into a new 5-year revolving credit facility of EUR 800m with a selected group of relationship banks. The new facility replaces the EUR 1.425bn facility signed in 2005 which was subsequently reduced to EUR 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 says "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 9 banks are participating in the new credit facility. The facility was self-arranged by Carlsberg. 5 banks have been awarded the title "Mandated Lead Arranger and Bookrunner" and 4 banks have been awarded the title "Arranger".