Sustainable energy and waste management NTR told shareholders at its AGM today that it has refinanced a €120m debt facility for its Irish-based waste management business Greenstar.
The firm said this will allow Greenstar to continued to invest in its recycling and waste management facilities and to be in a position to take up any opportunities arising from the potential consolidation in the market.
The new debt facility will mature in September 2012 and is being provided by Bank of Ireland, AIB, Ulster Bank, Bank of Scotland (Ireland), Rabobank, Barclays and HSBC.
'We are particularly satisfied with this vote of confidence in Greenstar and, by extension, the NTR Group, by the banking community in the current financial market environment,' commented NTR's CEO Jim Barry.
