Glenveagh bulks up bank facility

Money_House_AdobeStock_575x375_18Feb20
By Mike Turner
26 Feb 2021

Glenveagh Properties, the Irish house builder, has signed a €250m bank line to refinance debt due in April, adding to its lending group in the process.

Glenveagh’s new facility is made up of a €100m term loan and a €150m revolving credit facility.

It replaces a €125m committed facility due to mature in April.

“To ensure the optimal balance and structure within the syndicate, the group increased the number of banks in the syndicate from three ...

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