Dairygold €250m banking facility to support post-quota expansion plans

Dairygold Co-Op has completed a €250m five-year banking facility with a syndicate of banks, which will support the society’s post-quota expansion ambitions.

The facility will run from 2013 to 2017 and increases the society’s existing facilities by €100m to around €250m.

Led by Bank of Ireland, the banking syndicate also includes AIB and Ulster Bank, both existing bankers to Dairygold, with two new banks coming on board — HSBC and Rabobank.