Trainline secures new £325m revolving credit facility

Rail and coach ticketing site Trainline said on Wednesday that it has secured a new £325m revolving credit facility.

The facility, which has an initial maturity date of November 2025, replaces its exiting RCF, which was due to mature in June 2024. It also includes the option to extend for a further two, one-year periods to November 2027.

Chief financial officer Shaun McCabe said: "Our lender group have shown continued support to the business throughout Covid and the positive outcome of this refinancing demonstrates their ongoing support as we return to growth."