The rolling stock operating provider Eversholt has secured a financing package of £600mn.

A spokesperson for Eversholt– formerly known as HSBC Rail – tells GTR that while the money is not committed to specific projects, “it puts us in an excellent position to finance investment in new and existing rolling stock”.

The finance was provided by 11 banks, who we can reveal to be: Barclays, BNP Paribas, Commonwealth Bank of Australia, Crédit Agricole, ING, Lloyds, RBC, Siemens Bank, SMBC, BTMU and RBS.

RBS acted as an advisor, while RBS and Barclays were joint-global co-ordinators. The package includes a £100mn five-year term loan, along with a £500mn five-year revolving credit facility. This tranche has an option to extend by two years.

CEO Mary Kenny described the facility as having “valuable flexibility on competitive terms”.