Ashurst advises on multi-billion pound Intercity Express Programme East Coast Main Line Fleet
Ashurst has advised the lenders to Agility Trains East on the successful financial close of the second phase of the Department for Transport's £5.7bn Intercity Express Programme (IEP) project.
The banking group includes Japan Bank for International Co-operation, EIB, BTMU, Lloyds, HSBC, SMBC, Mitsubishi Trust Bank, Sumitomo Mitsui Trust Bank, Mizuho, Crédit Agricole, Société Générale and the Development Bank of Japan.
Nippon Export and Investment Insurance (NEXI) provided insurance for part of the loan.