IFLR1000

Corrib Oil Group €70 million refinancing

12/5/2018
Refinancing
Select tab

€ 70 million

$ 77.495 million

Completed

12/5/2018

Overview:

  • Irish oil firm Corrib Oil has refinanced its €70 million term and working capital debt. 
  • Following the refinancing, Bain capital and Close Brothers are the new lenders replacing AIB Bank, Ulster Bank and AIB commercial services.

Rajeeb Gurung - Researcher

Jurisdiction:

Ireland

Deal type:

Refinancing

Practice area:

Banking

Industry sector:

Oil and gas

Firms:
Eversheds Sutherland

Party: Close Brothers Group (Lender)

McCann FitzGerald LLP

Party: Bain Capital (Lender)

Philip Lee

Party: Corrib Oil Group (Debtor)

Lawyer: Simon O’ Neill

Related deals