Glenveagh Properties PLC
Tuesday, 19 May 2026
Byrne Wallace Shields LLP is pleased to announce that it acted as lead counsel to Glenveagh Properties plc in connection with the refinancing and upsizing of its debt facilities, in a transaction that significantly increases Glenveagh’s available funding to support its next phase of growth.
The new €550m financing package comprises a €450m Revolving Credit Facility (RCF) and €100m of Private Placement Notes (PPNs). The RCF retains the backing of Glenveagh’s existing lenders — AIB, Bank of Ireland, Barclays and Home Building Finance Ireland alongside the addition of ING as a new syndicate lender. The PPNs were placed with MetLife Investment Management, diversifying Glenveagh’s funding base and introducing long-dated institutional capital.
The transaction provides Glenveagh with enhanced financial flexibility and capacity to execute its growth strategy, as the company continues to play a leading role in addressing Ireland's housing supply needs.
The Byrne Wallace Shields LLP team was led by Donal O'Donovan assisted by Kate Passmore (Banking and Finance) and Anthony Smyth and Julie Herlihy (Tax).
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