Beacon Rail logo

Beacon Rails Leasing Completes Refinancing

News:

Posted on Juni 28, 2019

Beacon Rail Leasing is pleased to announce the successful completion on the 25 June 2019 of a €1.45bn equivalent refinancing of its senior debt facilities into a new multi-creditor common terms platform.

The refinancing secured both Sterling and Euro debt, with a diverse group of international banks and institutional investors, across a range of tenors from 7 to 20 years. The financing included €350m of committed undrawn facilities. All the facilities will rank pari passu and are governed by a common terms agreement which provides significant flexibility to allow the business to continue to grow.

Commenting on the project, Keith Howard, Beacon’s chairman said

“We are delighted by the result of the refinancing which represents a significant milestone for the group. The financing platform has been created to provide operational and financial flexibility to manage the existing fleet and to continue to grow further. Securing long term drawn financing alongside undrawn committed funding at a competitive cost means we can be nimble and competitive when approaching new opportunities.“

Keith Howard

DC Advisory acted as financial advisor and Shearman and Sterling as legal adviser, to Beacon Rail Leasing on the refinancing.

The Company has grown significantly over the last 2 years, and its current portfolio includes 336 locomotives, almost 1000 freight wagons, and 550 passenger train vehicles and intercity coaches on lease across Europe with additional equipment on order.

Press contacts:
Beacon Rail Leasing
Keith Howard, Chief Executive Officer
rail@beaconrail.com


Neuesten Nachrichten

Alle Nachrichten anzeigen

Umstrukturierung von Beacon wird mit neuer Marke und Website fortgesetzt

Beacon, der Anbieter der umfangreichsten Rollmateriallösungen des Vereinigten Königreichs und Europas, stellt seine neue Markenidentität und Websit...

Posted on Juli 27, 2020

Lesen

Beacon kündigt Großauftrag für neue Elektrolokomotiven mit Akkumulatoren an

Das führende Unternehmen im Leasing von Schienenfahrzeugen, Beacon, hat 15 elektrische CBD90 Rangierlokomotiven des britischen Herstellers Cla...

Posted on Mai 21, 2020

Lesen

Beacon rail announces appointment of new CFO

Beacon Rail Leasing Limited today announced the appointment of Clara Gómez-Ferrer Navarro as Chief Financial Officer effective 1 July. Clara joins ...

Posted on Juli 1, 2019

Lesen

Closure of the Boston Office

As of 28 June 2019 the Beacon office at 155 Federal Street, Suite 500, Boston, MA 02110 will close. From this date all communication with Beacon Ra...

Posted on Juni 28, 2019

Lesen

Beacon Rail Announces Appointment of New CEO

Beacon Rail Leasing Limited today announced the appointment of Adam Cunliffe as its new Chief Executive Officer effective 1 July. Adam joins Beacon...

Posted on Mai 8, 2019

Lesen

Beacon Rail Leasing Invests in Hitachi High Speed Intercity Trains

On March 20 Beacon Rail Leasing finalised an order for five Hitachi AT300 electric trainsets which are leased to First Group subsidiary East Coast ...

Posted on März 23, 2019

Lesen