fac-057 · Term loan

Kilnmore Rail Ltd

Facility

Term loan

Currency: GBP
Commitment: £164.4m
Drawn: £147.5m
Undrawn: £16.9m
EAD: €182.4m
CCF: 50%
Margin: 150 bps
Maturity: 18 July 2030
Tenor: 51 months

Covenant monitoring

0 breached, 0 within 10% of the threshold

ICR

Direction: Minimum Threshold: 3.13 Current: 3.71 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Equipment

GBP

£199.6m

€233.5m

47%

€124.8m

7 Oct 2025

Independent appraisal

Equipment

GBP

£99.4m

€116.3m

46%

€62.9m

16 Jun 2025

Mark to market

Total

€187.7m

Tenor

51 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

£164.4m

£147.5m

£16.9m

n/a

90%

2026-Q2

£154.7m

£138.8m

£16m

-£8.7m

90%

2026-Q3

£145.1m

£130.1m

£15m

-£8.7m

90%

2026-Q4

£135.4m

£121.4m

£14m

-£8.7m

90%

2027-Q1

£125.7m

£112.8m

£13m

-£8.7m

90%

2027-Q2

£116m

£104.1m

£12m

-£8.7m

90%

2030-Q1

£9.7m

£8.7m

£997k

-£95.4m

90%

2030-Q2

£0

-£8.7m