London-listed Irish Continental Group (ICG) has arranged new financing worth up to $532m.
The owner of Irish Ferries and feeder containerships said it had fixed up a five-year multicurrency revolving credit facility with Allied Irish Banks and Bank of Ireland for a total of EUR 125m ($148.85m), extendable by two years.
There is also a new 12-year amortising term loan provided by the European Investment Bank comprising a committed EUR 75m drawing limit.
