Ogier in Jersey have acted for the lenders (including The Royal Bank of Scotland plc) in connection with the refinancing of £1.16bn of debt of The Angel Trains Group.
The refinancing included just over £1bn of senior debt and £125m of junior debt of The Angel Train Group. The senior debt, which is split into five facilities with maturities up to 15 years, and the junior debt, which is in the form of a private placement, will be used, amongst other things, to prepay existing senior and junior debt of the group, which is one of Britain’s leading train leasing companies.
Hatstone Lawyers acted for The Angel Trains Group. English legal advisers were: Allen & Overy LLP for the lenders and Ashurst LLP for The Angel Trains Group.