Thursday February 20, 2020

CIE ramps up talks with lenders over loans

CIE has scaled up negotiations with its lenders as it seeks to renegotiate more than €100 million in credit facilities that are due to expire in the coming months.

13th January, 2013
Bus Éireann vehicles parked outside Busáras: the group's borrowing facilities total €107 million. Photo: Photocall

CIE has scaled up negotiations with its lenders as it seeks to renegotiate more than €100 million in credit facilities that are due to expire in the coming months.

The group's borrowing facilities, which total €107 million, are due to expire between now and October, and CIE management is attempting to secure loan extensions.

The debt deal is crucial for the company as it seeks to turn around its financial position through a new recovery...

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