Client stories

Empowering smarter travel choices to connect people

One-stop shop for train and coach travel

Trainline is Europe’s leading independent rail and coach travel platform, selling rail and coach tickets from over 270 carriers in more than 175 countries to millions of travellers worldwide. Through the website and app, customers can seamlessly search, book and manage their journeys all in one place. 

Trainline is committed to playing a key role in supporting the rail industry, businesses and governments in meeting their emissions targets by encouraging modal shift. Rail travel generates less than 31% of the CO2 emissions of domestic air travel and approximately 24% of the CO2 emissions compared with car travel, per passenger [1].

New £325 million Revolving Credit Facility to support Trainline’s growth

To support its growth ambitions, Trainline asked NatWest to advise on options for a flexible funding package, with a current facility due to mature in June 2024. 

As a new lender and Lead Arranger, the NatWest team worked closely with Trainline to understand their plans for the future of their business and the resulting capital requirements. Based on those discussions, a new sustainability linked £325 million multi-currency Revolving Credit Facility (RCF) was structured. The RCF has an initial maturity date of November 2025 and includes the option to extend for a further two, one-year periods.

Supporting business growth

Chris Rees, UK Financing Solutions, NatWest, commented: “We are absolutely delighted to have been able to support Trainline with a new credit facility. This transaction is another example of our commitment to supporting UK businesses and helping companies such as Trainline on their growth journey.”


[1] BEIS/Defra Greenhouse Gas Conversion Factors 2019 (Climate change: Should you fly, drive or take the train? - BBC News)


The information provided in this article has been prepared by National Westminster Bank Plc (NatWest) for information purposes only and is subject to change from time to time. The information and views expressed should not be treated as advice or a recommendation of any kind. NatWest makes no representation, warranty, undertaking or assurance of any kind (express or implied) with respect to the adequacy, accuracy, completeness, or reasonableness of the information provided and disclaims all liability for any use you, your affiliates, connected companies, employees, or your advisers make of it. NatWest accepts no liability whatsoever for any direct, indirect, or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However, this shall not restrict, exclude, or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.

Copyright 2022 © National Westminster Bank Plc. All rights reserved.

Related articles

Supporting Eurocell to produce sustainable building materials

Eurocell plc, founded in 1974, is a leading manufacturer, recycler and distributor of innovative window, door and roofline PVC products, with a nationwide network of more than 219 branches, supplying a range of PVC-U roofline, conservatory roof, window trim and door products, as well as the fixings, sealants and tools required for building plastics projects.

Geoquip charts a course for growth with $40m funding package

Based in Bristol and Zurich, Geoquip Marine is a key provider of offshore geotechnical solutions, offering end-to-end geotechnical investigation services that are a critical element for the design of offshore windfarms and infrastructure projects.

Building the infrastructure for renewables

Harmony Energy Income Trust plc (the “Company”) is an investment company that invests in commercial-scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of battery energy storage systems (BESS) located in Great Britain.