The Ireland Strategic Investment Fund (ISIF) has strengthened its security over €150m in loans already granted to Aer Lingus as part of a wider €350m financing package for the airline, the Irish Independent has learned.
The €1.1bn acquisition of Irish property investment firm Hibernia Reit by Brookfield Asset Management is slated to close next Wednesday following a High Court hearing to approve a scheme of arrangement that will give effect to the deal.
Businesses have more than doubled their use of overdrafts in the last year, pushing the amount borrowed via revolving loans and extended credit card debt to nearly €5bn, the highest level in almost seven years.
