Hector Rail has raised a SEK 519 million (US$ 63.46 million) financing package from a group of leading European commercial lenders to refinance its existing debt. The financing package comprises a term loan alongside a CAPEX facility to support the growth of the business.

Hector Rail was acquired by funds managed by Ancala Partners LLP in August 2020. Following the acquisition of Hector Rail, Ancala explored options for potential debt facilities and an appropriate financing strategy to support Hector Rail’s growth plans.

The lenders in the financing package are Landesbank Hessen-Thüringen (Helaba) and Siemens Bank.