Waste management company Greenstar, formerly known as Celtic Waste, has raised €100m in debt finance facilities for its continuing programme of capital investment.

The five-year loan was led by Bank of Ireland, and includes AIB, Ulster Bank, Bank of Scotland (Ireland) and IIB Bank.

Earlier this year, Greenstar said it had invested €100m in acquisitions and infrastructure development since its establishment in 2000.

'Our objective is to continue to actively develop waste infrastructure ranging from recycling, composting and materials recovery to state-of-the-art residual landfill facilities,' said chief executive Mike Wynne.

Greenstar employs 300 people and is a subsidiary of NTR.