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Dairy Crest has completed a debt refinancing deal resulting in the company extending its banking facilities until October 2016. Through the deal, Dairy Crest has secured a five-year revolving credit facility of 170m plus 131.2 from a syndicate of five banks and 54.5m of debt placement.
Dairy Crest said it had performed in line with expectations over the past six months despite the continuing economic turbulence.
Tesco has launched a dairy website to promote the nutritional benefits of milk, featuring the work of its dedicated milk supply group, the Tesco Sustainable Dairy Group.
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