Seán Fleming (Laois, Fianna Fail) | Oireachtas source

I will read out the note on page 141 - it really surprised me. It refers to lender security for the project loan facility. The note refers to how the facility for 2RN has been arranged with Barclays Bank Ireland plc amounting to €53 million in aggregate. The note relates to lender security. I am surprised at the level of security that the bank appears to have over RTÉ assets. One of the conditions of the availability of the project loan facility was that 2RN executed a security deed agreement and provided lender security, including security of lands of 13 main digital terrestrial television transmission sites. The bank has security on the land and all RTÉ re-transmission sites throughout the country.