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Dentons Dublin advises on eir’s senior secured notes offering and term loan facility

Dublin—Dentons Dublin has acted as Irish counsel on the following two transactions for eir, the largest provider of fixed line telecommunications services in Ireland:

  • its offering of €100 million aggregate principal amount of additional 5% senior secured notes due 2031; and
  • a new €300 million term loan facility.

The closing of the notes offering occurred on 2 July 2025 and the closing of the new term loan facility occurred on 3 July 2025.

The proceeds from the notes will be used to repay eircom Finance DAC ‘s 3.50% senior secured notes due 2026 and the proceeds from the term loan will be used to prepay, redeem and/or purchase in part the 3.50% senior secured notes due 2026 issued by eircom Finance DAC.

eir is the largest provider of fixed line telecommunications services in Ireland, offering broadband, voice, TV, and data services to residential, small business, enterprise and government segments.

Our team was led by Dentons Dublin Banking and Finance partner Matthew Cahill. Alongside Matthew, Dentons Dublin Corporate partner Garrett Hayes and associate Anna Vaughan also advised on the transaction.

We are pleased to have partnered with Milbank LLP on these transactions.

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