Cairn Homes PLC refinances €350m debt facilities to support growth

Goodbody acted as sole arranger for the debt facilities

Company
Cairn Homes PLC
Transaction
Sector
Activity
House Builder
Date
Country
Ireland

Cairn Homes, an Irish listed house builder, completed a debt refinancing of its €200m senior debt facility with AIB and Ulster Bank into a new €277.5m term loan and revolving credit facility with AIB, Ulster Bank and Barclays. Additionally, the company has completed a €72.5m private placement of loan notes with Pricoa Capital