Enterprise in possible £1b refinancing deal

Pub operator Enterprise Inns could be close to agreeing a £1b refinancing package.

The pub company could announce a deal within the next few weeks, and possibly as early as Tuesday when it announces its half-year earnings, according to the Sunday Times.

The news eases concerns that the company, which had a net debt of £3.6b at the end of September 2009, will have to turn to its shareholders for cash.

Enterprise Inns sees fall in net income >>

Enterprise Inns makes good progress in shedding underperforming pubs >>

Enterprise Inns boss makes £500,000 from share sale >>

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