Rail and coach ticket marketplace operator Trainline said on Monday that it had bolstered its financial footing with a fresh refinancing deal, swapping out its existing £325.0m revolving credit facility for a more flexible £450.0m package.
Source: Sharecast
Trainline said its new unsecured facility, arranged with both existing and new lenders, included an accordion feature allowing for a further £150.0m boost if needed, and runs for an initial three-year period with options to extend twice by a year.
With its previous facility set to expire in November 2026, this move gives Trainline breathing room and a stronger liquidity position.
Reporting by Iain Gilbert at Sharecast.com
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