Cairn Homes agrees new €150 million debt facility with AIB

Cairn Homes agrees new €150 million debt facility with AIB

The four-year facility will be used to fund acquisitions and growth

Cairn Homes said it has agreed a new four-year €150 million senior debt facility with AIB, which will be used to fund acquisitions and growth.

"We are delighted to announce our first senior debt facility just under six months after our IPO," Cairn's finance director Eamonn O'Kennedy said. "This facility secures flexible and efficient funding for Cairn Homes for the next four years."

The homebuilder has currency cash reserves of around €350...

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