Wolverhampton & Dudley Breweries said that it would incur a one-off charge of £29m as a result of its £805m securitisation. However, the company expects to save around £5m a year in interest charges. Paul Inglett, the group’s finance director, said: 'The new debt structure will significantly reduce W&DB's interest costs, whilst providing increased debt capacity and maintaining operational flexibility for the future development of the estate." Wolves said it had also finalised the terms of a new £250m bank facility that will further enable it to increase financial flexibility.