BoI subsidiary sets up in US
Wholly-owned Bank of Ireland subsidiary Burdale Financial Ltd has established a presence in the US.
Its US business will be conducted through Bank of Ireland’s US Representative Office in Greenwich, CT under the name Burdale Capital Finance.
A new US-based team will offer senior secured asset-based loans in the $10m-$60m (€8m-€47.5m) range with the capability to structure loans of up to $200m (€158m). Financing will be provided for early and mid-stage turnarounds, restructurings, leveraged buyouts and general refinancings.
Burdale recently provided a financing deal for MFI in the UK.
