Linda Clarke, Associate Director at Goodbody Corporate Finance, who provided financial advice to EirGrid on the Celtic Interconnector project from inception to Final Investment Decision (FID) said; “It is very satisfying to be part of a team enabling a key piece of infrastructure which will support Ireland’s energy security and its future as a major producer of renewable energy. We at Goodbody were delighted to help in marshalling the various aspects of the financing and achieving a secure and very competitive funding outcome for our client.”
![[L-R] Brendan O'Donnell, Danske Bank Director Corporates & Institutions; Alistair Welch, Danske Bank Head of International Units & Country Manager Ireland; Mark Foley, EirGrid Group Chief Executive and Michael Behan, EirGrid Chief Financial Officer.](https://www.fintel.org/images/ei_12854.jpg)
[L-R] Brendan O'Donnell, Danske Bank Director Corporates & Institutions; Alistair Welch, Danske Bank Head of International Units & Country Manager Ireland; Mark Foley, EirGrid Group Chief Executive and Michael Behan, EirGrid Chief Financial Officer.
Writing on the deal, Linda Clarke Associate Director at Goodbody Corporate Finance Goodbody Stockbrokers profiled the story behind its referencing.
The deal involves the financing the Celtic Interconnector, being developed by Ireland’s EirGrid and its French counterpart, RTÉ, the first connection between Ireland and Europe’s electricity grids. The project is being developed by EirGrid and RTÉ, underpinned by a competitive funding package including a €300m term loan from Danske Bank and a €200 million facility provided by BNP Paribas and Barclays.