Norbrook agrees £20m loan deal

Norbrook Laboratories, the pharmaceuticals company controlled by the wealthy businessman Edward Haughey, has agreed a refinancing deal with Danske Bank.

Ian Kehoe - avatar

Ian Kehoe

10th August, 2013

Norbrook Laboratories, the pharmaceuticals company controlled by the wealthy businessman Edward Haughey, has agreed a refinancing deal with Danske Bank, the Danish lender.

Norbrook agreed the deal in recent days, and the bank debt will be used to refinance existing borrowings of the veterinary pharmaceutical company, which is based in Newry. Under the deal, Danske will provide the company with a £20 million term loan facility, as well as an overdraft facility of £7.5 million....

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