Finance Ireland eyes €300m in loans

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"The proceeds of the loan will be used to partially finance the acquisition. of 49-percent voting stake and 60-percent economic stake in AA Thermal Inc.," the company said.

 · Ireland Strategic Investment Fund Continues Long-Term Relationship with SVB . Silicon Valley Bank has committed $226m to Irish companies since 2012; Silicon Valley Bank now commits to lend an additional $300m over the next 5 years, bringing the total to $.5b to Irish.

Some of the figures associated with the support package have yet to be finalised but in aggregate it is understood that it could amount to a long-term sum worth more than £300m.

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Germany’s Infineon Technologies has wrapped up a bank financing package totaling around 9.5bn-equivalent for its acquisition of the US’ Cypress Semiconductor Corp, with an army of banks.

Edoardo Bonanno, the chief financial officer, also worried that the 30m ($33m) in extra bank debt might make shipping loans harder to obtain from them in future.

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