OREANDA-NEWS. November 20, 2013. Eversholt Rail Group today announces the successful completion of its new 600m pounds 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 pounds five year term loan facility and a 500m pounds 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.”