Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Eurostar strikes deal with lenders to refinance debt - The Telegraph

Published 17/04/2021, 19:27
Updated 17/04/2021, 19:30
© Reuters. The destination is seen on the door of a Eurostar train bound for Amsterdam at St Pancras station in London

(Reuters) - Channel tunnel operator Eurostar has struck a deal with its lenders to refinance hundreds of millions of pounds of debts, the Telegraph newspaper reported on Saturday, paving the way for talks to restart about financial support from British taxpayers.

A group of banks, including state-backed NatWest, have agreed to refinance 400 million pounds ($553 million) of loans that were due to be repaid this summer, according to the paper.

© Reuters. The destination is seen on the door of a Eurostar train bound for Amsterdam at St Pancras station in London

($1 = 0.7230 pounds)

Latest comments

The British tax payer should not be financing or subsidising what is effectively a French and Belgian company.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.