Ireland’s Bord Gais has received a €500 million credit facility. The new facility replaces an existing financing, set to mature in February 2012. The state-owned gas company has secured the loan to strengthen its liquidity.
The multi-currency revolving credit facility has been secured from a group of banks, including Barclays, BNP Paribas, Danske Bank Group and HSBC. The deal was coordinated by Royal Bank of Scotland.
Click here for the release from Bord Gais.