Greene King has announced that it has finalised the terms of a tap of its secured financing vehicle, which will raise c£300m.

Rooney Anand, Greene King chief executive, said: “The completion of this transaction and the attractive price achieved is testament to the strength of the Greene King business, the quality of our pub estate and the security of its cash flows.

“Through this transaction we have strengthened the Greene King capital structure and increased longer-term funding for general business requirements including ongoing investment in our business.”