The repricing of the senior debt for the Great Western Main Line element of the Intercity Express Programme reached financial close on July 7, 2015.

The repricing involves a reduction in the margins on senior debt, resulting in a cost saving for the project, which originally reached financial close on July 24, 2012.

The project involves the construction and maintenance of new rolling stock for the Great Western Main Line, the principal rail route linking London, Bristol and Swansea. The project sponsors include Hitachi, John Laing and Metlife. The new trains will be constructed by Hitachi.

On behalf of the project’s sponsors, senior lenders and the procuring authority Department for Transport, Operis was pleased to undertake a model audit of the financial model which included a review of the model’s tax and accounting.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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