Search
 

MetLife Provides $200M to Train Leasing Leader

LONDON—Angel Trains is the largest company of its kind in the UK, and the MetLife investment partnership has now invested more than $1 billion in UK rail holdings.

By David Phillips | Updated on December 09, 2014

LONDON—MetLife, Inc. says a consortium of its affiliates and third-party investor clients have provided $200 million in financing to Angel Trains Group, the largest railway leasing company in the United Kingdom. The floating rate note has a seven-year term.

In this financing, MetLife and third-party investor clients advised by MetLife Investment Management purchased junior debt issued by Angel Trains. The MetLife-led consortium was the sole investor in this transaction, which closed on November 28.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.