RAILPOOL Obtains EUR 460 Million in New Financing to Expand Rolling Stock Rental Business

RAILPOOL, one of Europe’s leading rail vehicle lessors, has secured further funding for its continued growth.

Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and Mandated Lead Arranger together with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Mandated Lead Arranger, jointly provided equal amounts of debt capital totaling EUR 400 million with a term of seven years. The banking syndicate is acting as bookrunner and underwriter.

Furthermore, and also under the existing financing platform, RAILPOOL concluded a EUR 60 million revolving credit facility with KfW IPEX-Bank as sole lender for a term of seven years.

Ingo Wurzer, CFO of RAILPOOL GmbH explains: “For us, the large-volume financing is a recognition of our business model and our plans in Europe for the coming years. We are very pleased to secure the continuous development of our rolling stock rental business in conjunction with our full-service offering with long-term partners.”

Legal advice on this transaction was provided by the law firms CMS Hasche Sigle for RAILPOOL and Watson Farley & Williams for the banks.

 

Source: RAILPOOL Press Releases