Update on Capital Structure

Summary by AI ^BETAClose X

Eversholt Funding Plc has secured third-party financing commitments sufficient to discharge all its existing financial obligations, following the acquisition of Eversholt Rail by Beacon Rail. The company anticipates repaying all its outstanding financial indebtedness in full before the end of the 2026 calendar year, including the redemption of bonds issued under its £3bn multicurrency programme on their respective interest payment dates.

Disclaimer*

Eversholt Funding PLC

05 June 2026

Eversholt Funding plc - Update on capital structure

5 June 2026

Following the completion of the acquisition of Eversholt Rail by Beacon Rail, Eversholt Funding Plc (the "Issuer") announced on 10 February 2026 that it and/or its affiliates would evaluate, among other things, refinancing options related to all or certain of the Issuer's existing indebtedness.

Having completed such evaluation, affiliates of the Issuer have now obtained third-party financing commitments in an amount sufficient to discharge all of the Issuer's obligations under the Issuer's existing financing arrangements.

Accordingly, the Issuer currently anticipates that all of its existing financial indebtedness will be repaid in full prior to the end of the 2026 calendar year, including the outstanding bonds issued under its £3bn multicurrency programme which are expected to be redeemed on their respective upcoming interest payment dates in accordance with the terms and conditions of each series of bonds.

For further information please contact: Will Priest, Head of Treasury & Corporate Finance (wpriest@beaconrail.com).

This announcement is released by the Issuer and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR"). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018), this announcement is made by Will Priest, Head of Treasury & Corporate Finance of the Issuer.

No offer or invitation to acquire or sell any securities is being made pursuant to this announcement.

This announcement contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as "forward-looking statements," particularly those statements concerning expectations regarding the use of proceeds from the New Financing. A number of risks and uncertainties could cause actual results to differ materially from current projections, forecasts, estimates and expectations relating to the Issuer and its affiliates. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond the Issuer's or its affiliates' control. Such forward-looking statements contained in this announcement speak only as of the date of this announcement. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements.

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