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Article: Boundary Capital in talks to extend [euro]38.6m debt facility
- Article from:
- The Irish Times
- Article date:
- July 1, 2009
- Author:
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
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BOUNDARY CAPITAL, the Irish listed investment group led by
financier Niall McFadden, is in talks with Anglo Irish Bank to "re-
arrange and extend" a [euro]38.6 million debt facility that expired
yesterday.
"The outcome of these discussions is uncertain and ongoing,"
Boundary said.
This news was revealed by the company in its full-year results,
which showed that Boundary made a loss of [euro]54.4 million in
2008.
It had net liabilities at the end of December of [euro]6 million.
The accounts show that Boundary paid [euro]5.9 million in
interest on its various loans and overdrafts in 2008. It had revenue
of [euro]31.4 million.
These poor results are the result of significant losses incurred
on ...