Evergreen injects €750,000 as Rathwood exits examinership under High Court-approved plan
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Irish garden retailer Rathwood exited examinership after a High Court-approved scheme of arrangement backed by a €750,000 injection from new private vehicle Evergreen Home and Garden Holdings, combining equity and a non-interest, non-demand long-term loan. The outcome improves prospects versus liquidation and preserves ~100 jobs, but it is an idiosyncratic SME restructuring with no direct read-through to listed equities, major indices, FX, or commodities.
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Irish garden retail business Rathwood has completed a court-approved restructuring plan and exited examinership. New investor Evergreen Home and Garden Holdings has committed €750,000 through a subscription for new shares and a long-term loan facility that is non-interest bearing and not repayable on demand. Rathwood, based near Tullow on the Carlow–Wicklow border and employing around 100 people, had said refunds for undelivered customer orders could not be processed while it was in examinership. The case relates to a debt restructuring of an Irish small-to-medium enterprise and does not involve listed equities, indices, commodities or foreign exchange as tradable traditional financial assets.
