Rail First Completes AU$439 Million Refinancing to Accelerate Growth

Rail First Completes AU$439 Million Refinancing to Accelerate Growth

Rail First, the leading rollingstock leasing company in Australia, has successfully completed a milestone refinancing transaction. The funding, secured from a group of leading infrastructure banks fuels the company’s strategic growth initiatives and further optimises its capital structure. This achievement builds on Rail First’s continued expansion and investment in its rollingstock fleet.

Strong demand from high-profile lenders led to a significantly oversubscribed transaction, highlighting the trust placed in Rail First resilient and future-focused business model.

The new debt facilities secures highly competitive terms underscoring investor confidence in Rail First performance, execution capabilities, and long-term strategy. The proceeds will support the company’s continued development and strengthen its position in the Australia rollingstock leasing market.

Janeen Dibley, CFO of Rail First, stated “This successful refinancing marks a pivotal moment for Rail First. It strengthens our capital structure and provides us with the flexibility to accelerate our growth strategy and continue investing in our fleet. The strong support from leading infrastructure banks reflects confidence in our vision and long-term performance.”

The lender group comprises CIBC Capital Markets (CIBC), Crédit Industriel et Commercial (CIC), ING Bank, KfW IPEX – Bank, Natixis, Rabobank, and Siemens Bank. Rail First was advised by Rothschild & Co and King & Wood Mallesons whose expertise and dedication were instrumental in achieving this successful outcome. White & Case acted as legal advisor to the lenders.