Carlsberg eschews utilisation fees and increases to Eu1.75bn
Carlsberg has been able to increase a syndicated loan from Eu1.5bn to Eu1.75bn, despite the five year revolver having no utilisation fees.
The Danish brewer, rated Baa3/-/BBB-, signed the self-arranged deal on Friday after
21 banks joined in syndication,
12 as bookrunners and nine as
Over the past two years, European borrowers have had to agree to high utilisation fees which are paid on top of margins on
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