IRS secures € 100 million loan facility

31 octombrie 2008, 02.27 - Industrie  

Bucureşti - 31 octombrie 2008 - International Railway Systems (‘IRS’), the European leader in freight railcar manufacturing, has successfully secured a € 100 million Club Loan Facility for its Manufacturing and Engineering Division (‘the division’). The Club Loan, which is comprised of a € 60 million 3 year term loan facility and a € 40 million 364 day revolving credit facility, not only refinances the existing indebtedness of the division, but also offers IRS additional funds to further support the division’s growth. The facility, which was signed on 9th October, was provided by a group of four international banks: The Royal Bank of Scotland acting through its subsidiary undertaking ABN AMRO Bank N.V. (the Club Loan Facility coordinator), Citibank Europe PLC, ING Bank N.V. Bucharest Branch and Piraeus Bank Romania .

Cristian Burci, President of IRS, said, “I am very pleased that we have been able to secure the Club Loan given the difficult circumstances in the financial markets today. We have been able to refinance the majority of our indebtedness for the long term, which lays a solid foundation under the growth path of our manufacturing operations.”

About International Railway Systems

International Railway Systems, headquartered in Luxemburg, is Europe’s leading manufacturer and producer of freight railcars, bogies and forgings for the railcar industry. IRS possesses the largest railcar design, engineering and testing capabilities in Europe. IRS operates multiple subsidiaries from 14 locations throughout Europe including the Czech Republic, Germany, Romania, Slovakia, and Switzerland. For more information, visit


Anca Rusu, International Railway Systems S.A.
Tel: 0040 21 455 4532 Mobile: 0040 723 565 459

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