Goodbody acted as financial adviser to Cairn Homes plc (“Cairn)” on a refinancing of its €277.5 million syndicate facility into a sustainability linked term loan and revolving credit facility with AIB, Bank of Ireland and Barclays Bank Ireland. Following the refinance, Cairn is maintaining its total debt facilities at €350 million.

This is the largest sustainability linked loan facility of its type arranged in the Irish home building sector. The term loan and revolving credit facility interest rates are linked to Cairn Homes meeting certain sustainability performance targets aligned to its sustainability strategy.

Cairn Homes plc is the leading Irish homebuilder committed to building high-quality, competitively-priced, sustainable new homes in great locations