2024 Irish Credit Market Survey

Davy Corporate Finance Unlimited Company (“Davy Corporate Finance”) is pleased to share the results of our 2024 Credit Funding survey. One of our core functions at Davy Corporate Finance, is fundraising on behalf of our clients.   

Davy Corporate Finance advises companies at different stages of development on a range of potential debt capital options including senior secured, junior and equity-linked debt products. The recent rising interest rate environment, along with the exit of a number of bank funders from the market, has increased the importance of new credit options and diversified funding sources.  

In January 2024 we surveyed a combination of domestic and international banks, SME and property-related credit funds, venture debt providers and special situations funders, all of whom we interact with about Irish funding opportunities – reflecting the depth of appetite for funding Irish credit risk. Feedback on the Irish credit appetite is very positive. Despite geopolitical and macroeconomic headwinds, this demonstrates the strength of the Irish economy, as well as confidence in entrepreneurs, management teams and our legal framework. 

Importantly, the range of funders surveyed is evidence of the appetite for funding across the capital spectrum, with increasing options available for stretched senior and junior funding for the right transactions. Credit stress to date appears manageable and the volume of capital available to Ireland ensures that there are more refinancing options available going into 2024 than there would have been in the past.

We would like to thank all participants of the survey and we hope you find the results interesting and worthwhile.