Post by AIB

AIB Corporate Banking was delighted to act as an arranger in the refinancing of the revolving credit facility of our long-standing customer, Irish Continental Group PLC (ICG). The deal supported ICG’s final purchase of the Oscar Wilde ferry. The ship is one of Irish Ferries’ largest vessels, with capacity for up to 2,000 passengers, 1,059 cars or 180 freight vehicles, and is operating on the Dover-Calais route. The acquisition has resulted in the group achieving full ownership of its Irish Ferries passenger fleet, with the wider financing package supporting the group’s future growth ambitions. Glenn Shanley in AIB Capital Markets said: “We are proud to support Irish customers like Irish Continental Group and to finance assets central to connectivity and trade from our island nation. This transaction reflects the strength of our long-standing relationship with ICG and our commitment to supporting our customers’ growth through tailored, partnership-led financing solutions.” Nicola Sheehan Brian Duncan Killian Victory David Ledwidge Brian Holland