Steering a great deal in online automotive sales

Steering a great deal in online automotive sales

Bank of Ireland supports Auto Trader in refinance of existing facilities

Bank of Ireland’s Media Team has provided a 5 year £400m RCF facility as part of a 10 bank club to support the refinance of the existing facilities of Auto Trader Group plc.

Auto Trader is the UK and ROI’s number one auto listings website, specialising in new and used automotive sales, including cars, vans and motorcycles.

Commenting on this transaction, Mark Birkenshaw, Director, Bank of Ireland Media team, said: “Bank of Ireland is delighted to be part of this transaction and a member of the new lending group.We look forward to working with the management team and supporting their industry leading position in digital automotive listings.”

Nathan Coe, Auto Trader Group plc’s CFO & COO said: “We are very pleased to have received such strong support from the Bank of Ireland Media Team, who have demonstrated their strong experience in our sector during this process. The new facilities gives us greater flexibility to grow and develop our business.”

Meet your team