Bank of Ireland’s Media team supports BGL Group in senior debt facility increase
Bank of Ireland’s Media Team has provided a 3.5 year RCF facility as part of a 5-bank club to support the refinance of BGL Group’s existing facilities.
BGL Group (“The Group”) is a leading digital distributor of insurance and household financial services, which owns brands including comparethemarket.com, LesFurets.com and online life insurer BeagleStreet.com. Comparethemarket.com is one of the UK’s largest price comparison sites and LesFurets.com is a leading player in the French market.
The Group provides car and home insurance through well-known brands; Beagle Street and FiftyLife, which also offers simple, fast online life insurance. Their own insurance brands, Budget and Dial Direct, offer tailored car, home, life and van insurance products.
Commenting on this transaction, Mark Birkenshaw, Director, Bank of Ireland Media team, said: “We are really pleased to be part of this transaction and look forward to developing a deep long-term relationship with the Group and their iconic brands in this dynamic and high growth sector.”
The sentiment was echoed by Paul Gilmartin, Director of Treasury, BGL Group, saying: “We are delighted to have included Bank of Ireland in our refinancing and look forward to strengthening the relationship over the coming years.”
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