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Angel Trains closes £80m Private Placement
Arriva Rail North franchise
Angel Trains Group is pleased to announce an £80 million private placement, comprising £50 million of junior debt and £30 million of senior debt. The maturity is a weighted average of 7.5 years for the junior debt and 15 years for the senior debt.
The investment was secured from a single investor and was placed on a direct basis. The new financing will be used for general corporate purposes, including the funding of new portfolio investments.
Alan Lowe, Chief Financial Officer, said "We are delighted to have introduced a further investor into our debt structure through a relationship driven transaction. This represents a strategic and effective funding arrangement which will provide further liquidity to support new business."
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Angel Trains Limited is incorporated in England with company registration number: 2912655
VAT Registration number GB927335024
123 Victoria Street LondonSW1E 6DE
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