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.
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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