The Anonymous Widower

Porterbrook Raises £250m Of New Green Private Placements

The title of this post, is the same as that of this article on Railway Gazette.

This is the sub-heading.

Porterbrook, the UK’s leading rolling stock financier and asset management company, is delighted to announce the successful closing of its £250m Private Placement.

These are the first two paragraphs.

The transaction, which includes existing and new investors, has enabled the company to extend its debt maturity profile at attractive pricing and further diversify its investor base of US, UK and Swiss institutions.

Porterbrook owns a quarter of the national passenger rail fleet, and in recent years has significantly diversified its portfolio including taking ownership of the Long Marston Rail Innovation Centre in Warwickshire, confirming a 49% stake in Brodie Engineering in Kilmarnock, and financing the redevelopment of Bletchley Depot for West Midland Trains.

We must be doing something right on the railways, if US, UK and Swiss institutions are prepared to back them financially.

But then Aviva, who were formerly Norwich Union, backed Greater Anglia’s new Swiss trains.

Conclusion

Despite what some might think, it would appear that green investments aren’t all bad.

November 18, 2024 - Posted by AnonW | Finance, Transport/Travel | Aviva, Greater Anglia, Porterbrook, Rolling Stock Leasing Company