Convention Centre refinances €180m debts Centre's loans had been in default since 2012

The Convention Centre Dublin has clinched a deal to refinance its €180 million debt pile, following several months of negotiations with its six main lenders.

Ian Kehoe - avatar

Ian Kehoe

23rd February, 2014
The Convention Centre Dublin has made a debt deal, following months of negotiations. Picture: Feargal Ward

The Convention Centre Dublin has clinched a deal to refinance its €180 million debt pile, following several months of negotiations with its six main lenders.

The centre's debts have been in default since late 2012, when its ultimate parent company, Treasury Holdings, collapsed in liquidation. The default triggered harsher lending terms, and meant all debts were repayable within 12 months.

The new restructuring, agreed in recent days, has provided the company with a 17-year timetable to repay...

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