Brewer secures $514m in debt funding

Transtasman beer and wine maker Lion Nathan has secured A$450 million ($514 million) in debt funding to refinance existing facilities. Lion Nathan said it has no further debt maturities until December 2008. The brewer, which recently acquired J Boag & Son for A$325 million, said the new funding had a weighted average maturity of 4.3 years.

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