State-owned forestry body Coillte has finalised a €220 million long-term debt facility with a consortium of banks, as part of a restructuring of the agency’s debt.
Rabobank and HSBC participated in the deal, which will give Coillte access to a €220 million syndicated debt facility. The company will use the bank finance to help fund a major diversification of its interests beyond forestry.
The agreement comes just months after the government changed the...
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