Bank's debt book purchase excludes Waterford Wedgwood €200m loan facility

Bank's debt book purchase excludes Waterford Wedgwood €200m loan facility

Bank of Ireland shied away from extending a €200 million loan facility to Waterford Wedgwood when the bank spent €71 million acquiring Burdale Financial Holdings last week, sources have said.

Bank of Ireland shied away from extending a €200 million loan facility to Waterford Wedgwood when the bank spent €71 million acquiring Burdale Financial Holdings last week, sources have said.

BoI, which acquired the British corporate lender from US group Wachovia last week, is believed to have acquired only parts of the Burdale debt book. It does not include the €200 million facility that Waterford Wedgwood availed of from Burdale last September. The crystal and ceramics group...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

More from The Business Post