News

Eversholt Rail completes £600m financing to fund investment in new and existing rolling stock

Eversholt Rail Group today announces the successful completion of its new £600m senior debt financing, which provides additional funding capacity for investment in rolling stock and allows prepayment of existing bank facilities.

The financing, which has been syndicated through eleven banks, includes a £100m five year term loan facility and a £500m five year general purpose revolving credit facility, which can be extended by up to two years by agreement.

Mary Kenny, Chief Executive Officer of Eversholt Rail, said “We are delighted to complete this significant refinancing, which puts Eversholt Rail in a strong position to respond to future investment opportunities for both our existing fleets and in new build. Our new facilities provide valuable flexibility on competitive terms.”

Latest News

TransPennine Express (TPE) in partnership with Eversholt Rail and Siemens Mobility will prepare for the future of rail travel by upgrading its current fleet of Class 185 trains with the European Train Control System (ETCS), a next-generation digital signalling technology that will improve safety, reliability, and customer experience over the long term.

Read More