Eversholt Funding to redeem £257m bonds on Aug. 24
UK rail leasing company Eversholt Funding plans to redeem £257 million in bonds next week, reducing its debt load.
Eversholt Funding, the UK-based rail leasing arm of Eversholt Rail Group, announced plans to redeem £257 million ($328 million) in bonds on August 24.
The redemption, set for the maturity date, will fully extinguish the outstanding principal of the bonds, according to a filing with the London Stock Exchange. The bonds, issued under Eversholt Funding’s £1 billion debt issuance program, carry a fixed coupon rate of 4.25% and mature in 2027.
The move reduces the company’s debt burden and aligns with its strategy to optimize its capital structure. Eversholt Funding, which leases rolling stock to UK train operators, has previously cited debt management as a priority amid industry-wide financial pressures.
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