Arlanda Express A-Train AB completes SEK 5.6 billion refinancing process.

Arlanda Express A-Train AB and its owners have completed a SEK 5.6 billion refinancing process. This comprehensive refinancing is carried out together with 9 banks and will ensure a solid financial foundation for further continuous investments in both vehicles and infrastructure.

"This refinancing is an important step for both A-Train and Arlanda Express. Our already good liquidity has been further strengthened, which gives us the opportunity to continue developing our operations for many years to come. There has been a large interest from the market and we are very pleased with the group of banks we have now tied to us and look forward to working together for many years to come," Oscar Leopoldson, CFO of A-Train AB.

This spring, A-Train will make significant investments in new Arlanda Express trains. The new trains are longer, have more seats, and can accommodate more passengers per trip. A-Train will also begin an expansion of the depot in Blackvreten, which will create conditions for efficiently and safely maintaining the new vehicles. At all three stations at Arlanda Airport, a comprehensive upgrade of all 29 escalators is planned. The upgrade is a long-term project that will last for six years and aims to ensure its operation for another 25 years.

Altitude Aviation Advisory (an Infrata company, part of the dss⁺ group) developed traffic forecasts in support of the refinancing process as well as ongoing business plan development. The forecasts considered future demand to/from Arlanda, split by passenger and market type. As part of our role, we also developed a report for lenders and responded to lender QA.