Bank of Ireland’s Industrials team has participated in the refinancing of a five year €165m revolving credit facility provided to Low & Bonar plc (“Low & Bonar” or “the Group”), as part of a five bank lending-group.
Low & Bonar is a leading UK producer of advanced, high performance materials from polymer-based yarns and fibres. It uses proprietary technology to enhance performance in their customers’ final products or processes.
The Group’s innovative design and component manufacturing enables them to meet evolving customer needs and maintain leading market positions.
Commenting on the transaction, Colette Shirley, Associate Director at Bank of Ireland said: “We are delighted to be supporting Low & Bonar with the refinance and we look forward to developing our relationship with the Group and supporting them in their continued growth and success.”
Low & Bonar CFO, Simon Webb, commented: “We are delighted with Bank of Ireland’s support in the transaction and welcome them to the banking group.”