Carlsberg has thanked its major lenders for the level of trust they have shown, after it secured a five-year credit facility worth EUR800m (US$1bn). The revolving facility will replace Carlsberg's existing overdraft facility of EUR1.225bn. With this new credit facility in place, Carlsberg said that it has extended the maturity profile of its bank commitments and has achieved favourable pricing and terms. "We are very pleased with the terms of the new credit facility and the confidence that our banks once again have shown us," said the Denmark-based brewer's deputy CEO and CFO, Jorn Jensen.
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