Texas Central Selects Financial Advisers for Privately Funded High-Speed Train Project

  • Citi and MUFG to lead global capital-raising efforts for Texas
    railroad
  • Private financing moves project ahead without government grants

DALLAS–(BUSINESS WIRE)–Marking a major milestone in support of a first-of-its-kind high-speed
train, Texas Central announced today it has engaged Citi and MUFG as
financial advisers and to lead its capital-raising activities.

Texas Central, which is developing the high-speed line between Houston
and North Texas, said Citi will serve as sole global coordinator and
lead financial adviser and MUFG as co-global financial adviser. Citi and
MUFG will assist in securing the financing across debt and equity to
finance the project.

ABOUT TEXAS CENTRAL

Texas Central is developing a new high-speed train that will connect
North Texas, the Brazos Valley and Houston, using proven, world-class
technology. The 90-minute trip will provide a safe, reliable and
productive transportation alternative. The company’s market-led approach
is backed by investors, not government grants, a new business model for
infrastructure advances. Texas Central and its affiliated entities will
be responsible for the systems design, finance, construction, operation
and maintenance. See more at www.texascentral.com.

Contacts

Megan Frye
Hill+Knowlton Strategies
[email protected]
214-238-8153

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