The company, which owns approximately 25% of the UK’s passenger rail fleet, has expanded its portfolio over the years. Notable activities include acquiring the Long Marston Rail Innovation Centre in Warwickshire, taking a 49% stake in Brodie Engineering in Kilmarnock, and financing the redevelopment of Bletchley Depot for West Midland Trains. Additional initiatives include funding 10 new tri-mode trains for London North-Eastern Railway and acquiring 30 Class 379 Electrostars, which have been leased to Govia Thameslink Railway.
The private placement aligns with Porterbrook’s Green Framework, verified by ISS-Corporate to meet ICMA and LMA green bond principles. The proceeds are designated for green projects, reflecting the company’s commitment to sustainability within the rail sector. Porterbrook has been rated Baa2 by Moody’s for this issuance.
Porterbrook’s continued investment in environmentally focused projects includes achieving recognition as a global sector leader in the GRESB assessment for the fourth consecutive year. The company scored full marks in the assessment, which benchmarks ESG performance across various industries.
