Monday 19 March 2018

Eir launches €200m secured notes tap issue

Michael Cogley

Michael Cogley

Telecoms firm Eir has launched a tap issue by its subsidiary Eircom Finance DAC of €200m of aggregate principal amount of its existing 4.5pc senior secured notes due 2022.

Eir's two biggest shareholders are a Singapore sovereign wealth fund, and US investment firm Anchorage.

Eir will use the proceeds of the offering to prepay some of the outstand amounts of its existing senior facilities agreement and to pay fees and expenses relating to the offering.

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