28 September 2018

Rivers Leasing plc

LGB Corporate Finance arranges £25 million medium term note (MTN) programme for Rivers Leasing plc

Rivers Leasing plc, an independent equipment leasing and asset finance company based in London, has completed the establishment of a £25 million secured MTN programme, following the limit increase and restatement of its original £12 million programme. LGB Corporate Finance acted as arranger.

The increase will create additional note issuance capacity and thereby enable Rivers to continue to grow its book and business.  Rivers Leasing will continue to utilise the programme through note issues on a quarterly basis as an attractive and flexible source of alternative wholesale funding.

The establishment of the £25 million programme was completed concurrently with a £1 million issue under it.

Rivers Leasing has this year been ranked in the Financial Times’ inaugural “FT Future 100 UK”, listing fast growing companies making an impact within their industry or wider society. It has also been identified for the last two years as one of Europe’s fastest growing companies in the FT’s list of the 1,000 fastest growing companies in Europe, ranking 186th and 391st in 2017 and 2018 respectively.

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