Tuesday September 29, 2020

IBRC agrees €323m refinancing deal with major British debtor

The IBRC has agreed a £323 million refinancing deal with Puma Hotels, the British regional hotel operator and one of the state-owned bank's largest debtors.

6th July, 2013
Lygon Arms in the Cotswold.

The Irish Bank Resolution Corporation (IBRC) has agreed a £323 million refinancing deal with Puma Hotels, the British regional hotel operator and one of the state-owned bank's largest debtors.

The bank has agreed to extend the hotel operator's senior debt facility until the middle of next year. The move is a boost to the company, which is deep in negative equity, and is designed to give the company time to complete a wider restructuring of...

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