Bank of Ireland’s UK Technology, Media and Telecoms (TMT) team supports Wilmington plc with the refinancing of its senior debt facilities.
Bank of Ireland’s London based TMT team is part of a newly formed 3-bank club financing a £65m revolving credit facility to Wilmington Plc (“Wilmington”), a new customer to the bank.
Listed in 1999 on the London Stock Exchange, Wilmington is an international B2B media group which provides information, education and networking services across three key knowledge areas: Risk and Compliance, Professional and Healthcare. The Group operates over 18 longstanding brands in the UK, France, Spain, US, and Dubai.
Commenting on the transaction, Mark Birkenshaw, Director of Bank of Ireland’s Media team said: “Bank of Ireland is delighted to establish a relationship with Wilmington having tracked the business for some time. We look forward to building a strong relationship and supporting the ambition of the business and its investors in the next phase of its strategy.”
Richard Amos, CFO of Wilmington, commented “We are very pleased to have received such strong support from the TMT team at Bank of Ireland, who have demonstrated their knowledge and experience in our sector during this process. This new facility will give us flexibility to grow and develop our business going forward.”