Thursday October 22, 2020

Eircom to get tough on banks over debts deal

Eircom owner Babcock and Brown Capital is to seek new lenders if members of its banking syndicate do not agree to cut the interest rates they charge on the company’s loans.

26th May, 2007

Eircom owner Babcock and Brown Capital is to seek new lenders if members of its banking syndicate do not agree to cut the interest rates they charge on the company’s loans.

Babcock said last week it had secured the agreement of most of its banks to renegotiate debts of €3.2 billion, but that a number had yet to give their consent to a new deal.

The new arrangements will save the Australian investment...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago