Pub retailer and brewer, Greene King, has secured a new five-year revolving credit facility worth £400 million with its banking partners, The Wall Street Journal reports. The new loan will commence in April.
It replaces the company’s existing £400 million facility, which is due to expire in April 2012. The loan will raise Greene King’s annual interest costs by £2.5 million.
Click here for the story from The Wall Street Journal.