Brunswick Rail secures $250m five-year term facility

Brunswick Rail Limited (“Brunswick Rail”) has secured a USD 250 million five-year term facility from IFC and a group of core banks, the rail operator press release said.

The five-year loan facility was arranged by IFC and a group of participating banks: ING Bank, Raiffeisen Bank International, Société Générale and UniCredit, all long-term partners of Brunswick Rail.

The proceeds will be invested in expanding the Company’s freight railcar fleet, including new generation railcars.

Brunswick Rail CFO, Nicolas Pascault, said: “Our long-standing partnership with IFC, as well as other leading international commercial banks, has been important to getting us to where we are today, and will continue to play a major role in our growth going forward.  The current facility was arranged under an IFC A/B loan structure. This deal is important recognition of the financial strength and stability of our business as we continue the rapid expansion of our existing railcar fleet.”