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Trainline PLC - London-based online rail and coach ticketing platform - Enters new £325 million revolving credit facility with an initial maturity date of November 2025, plus the option to extend for a further two, one-year periods to November 2027. The new facility replaces the company's existing £350 million revolving credit facility, due to expire in June 2024.
Chief Financial Officer Shaun McCabe comments: ‘Our lender group have shown continued support to the business throughout Covid-19 and the positive outcome of this refinancing demonstrates their ongoing support as we return to growth.’
Current stock price: 369.90 pence
12-month change: up 12%
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