Partner Article

Arriva raises 100 million

Transport group Arriva yesterday said it had raised 100m Euros to repay existing loans and to diversify its funding structure.

The North East plc raised the capital through a private placement of senior unsecured fixed-rate notes, with a seven year maturity.

Group finance director Steve Lonsdale said: “Our successful return to the private placement market is an important development, allowing us to diversify our sources of funding while maintaining the flexibility we require to access asset-backed finance markets.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .