Carlsberg signs new 5-year revolving credit facility of EUR 1.75bn

Carlsberg Breweries A/S (“Carlsberg”) has today entered into a new 5-year multi-currency revolving credit facility of EUR 1.75bn.

The facility is for general corporate purposes as well as partial refinancing and cancellation of the Scottish & Newcastle acquisition facilities from October 2007.

With this new credit facility in place, Carlsberg has extended the maturity profile of its bank commitments and has achieved favourable pricing and terms.

Due to a significant oversubscription, the size of the credit facility was increased from EUR 1.5bn to EUR 1.75bn.

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 21 banks participate in the credit facility and going forward they will comprise the main relationship bank group. The facility is self-arranged by Carlsberg. 12 banks have been awarded the title “Mandated Lead Arranger and Bookrunner” and 9 banks have been awarded the title “Arranger”.

List of banks participating in the facility (alphabetical order):

Danske Bank is acting as agent on the facility.