Full coverage: Debt

Paddy McKillen Jr’s serviced offices business wanted the Commercial Court to return possession of three properties taken over by Relm-appointed receivers – but failed.

Creditors fought to install an examiner over the objections of Senoptica CEO and co-founder Brendan Rice. An “unusual” committee of creditors has been installed to allay his concerns. 

The founders of Senoptica have hit back in the Circuit Court against a move by loan-note holders to appoint an examiner to the business. They now want a joint examiner appointed.

By borrowing against its PLC shares instead of selling them at the time of its de-merger from Glanbia in 2022, the farmers’ co-op has made a multi-million-euro gain.

The Eclective company founded by Paddy McKillen Jr has been under court protection since May this year. The new investor and secured creditor are "effectively in situ” and the business is running, the court heard.

Bondholders are taking over the Irish-founded packaging group, squeezing shareholders including Paul Coulson. The new owners are hoping to pay themselves handsomely, but they must turn the business around first.

Fiscal policies and inflation have changed the way investors consider long-term government debt. Who wins?

The digital bank lends to businesses with a "strong UK nexus", including Irish aparthotel business Staycity, which recently secured a £77m loan. Now its head of debt finance Ben Barbanel tells The Currency why OakNorth has opted to push into the US over the EU.

The €50m fund raise announced by the SME lender this week is backed by a Hamburg credit institution forced to reinvent itself after regulatory investigations.

The former beef executive, who went on his own five years ago, had so far invested his own money in food and hospitality businesses.