Coca-Cola HBC AG on Monday said it has replaced its existing revolving credit facility with an expanded loan.
The Zug, Switzerland-based soft drinks bottler said its existing €800 million syndicated multi-currency revolving credit facility was set to expire in April 2026.
It has been replaced with a new €1.2 billion revolving credit facility with a term of five years, including an option to extend up to a further two years.
The facility can be used for general corporate purposes and is sustainability-linked, Coca-Cola HBC noted.
Coca-Cola HBC Finance BV is the borrower under the facility. The obligations of the borrower are guaranteed by Coca-Cola HBC.
BNP Paribas SA and Citigroup Inc acted as coordinating mandated lead arrangers and book runners.
Shares in Coca-Cola HBC closed down 0.8% at 3,902.00 pence in London on Monday.
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