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The refinancing was among the largest debt financing transactions in Northern Ireland last year, and has assisted Clanmil in becoming one of the main providers of high quality affordable homes for people with housing needs in Northern Ireland.
The transaction is shortlisted for Bank-funded Deal of the Year at the Northern Ireland Dealmaker Awards 2022 by Ireland Business Insider, with winners due to be announced on 3 March.
Dominic O’Neill, social housing lead for Danske Bank, comments: “As a bank, we want to be at the centre of helping to solve the acute housing crisis in Northern Ireland. Providing market leading social finance packages to the likes of Clanmil will go a long way to help solve the problem.
“We’ve been at the forefront of social finance in Northern Ireland for many years – the Clanmil refinancing was one of the most significant debt refinancings across any sector in Northern Ireland in 2021, with the social housing sector generally remaining part of our strategic growth plans in Northern Ireland. We were also once again delighted with the support from Richard and his team at TLT on this important transaction for the bank.”
Richard Houliston, partner at TLT who led the deal, says: “We were delighted to act for Danske on this significant transaction and it was great to work alongside the EDG team who were advising Clanmil. Refinancings like this are a crucial part of the social economy and it’s great to see this being recognised by the Dealmakers Awards, alongside the excellent work of everyone involved.”
03 February 2022