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Aviva Investors Commits to €1.45 Billion Beacon Rail Refinancing

Aviva Investors Commits to €1.45 Billion Beacon Rail Refinancing
Written by Amy

Aviva investors, the global asset management business of Aviva plc (‘Aviva’), has reached financial close on Beacon Rail’s EUR 1.45bln debt raise to refinance existing facilities and provide expansion funding to support the continued growth of their business.

Beacon Rail is a market-leading pan-European rolling stock leasing company.  It operates a high-quality fleet of locomotives, freight wagons and passenger trains. Beacon Rail leases its rolling stock to both the freight and passenger markets and serves a wide-ranging customer base with strong geographic diversification. It currently operates within 14 countries.

Aviva Investors provided a combination of EURO and GBP debt of equivalent ~€60m to support the financing from a variety of client mandates.

 Sinéad Walshe, Infrastructure Director at Aviva Investors, said: “We are delighted to have supported the Beacon Rail financing. This transaction builds upon our strong rail credentials and delivers further diversification to our transport portfolio within both the UK and European markets and, importantly, supports social connectivity and economic growth.”

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