photo: RAILPOOL/RAILPOOL secures a new financing structure for planned growth: All you need to know
RAILPOOL, one of Europe's leading rail vehicle lessors, extended its existing financing arrangements in April 2022 and secured further funds for the company's planned growth. The new financing structure with a total volume of around EUR 1.07 billion, is made up of equal parts of refinancing existing loans through European private placements with various institutional investors with maturities of 12 and 20 years and a new credit line provided by banks to finance further growth.
Ingo Wurzer, CFO of RAILPOOL GmbH, explains: "The recently concluded and long-term financing underpins the confidence of our partners in the solid and extremely positive corporate development of RAILPOOL. The addition of the new CAPEX facility and the inclusion of further financing partners also puts the financing of our continuous growth course on a broader footing."
As part of the implementation, RAILPOOL was supported by Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Sole Debt Advisor as well as Sole Green Advisor and Sole Placement Agent, and KfW IPEX-Bank in various agency functions (Facility Agent, Security Agent, Paying Agent and Investor Representative).
"As a partner of RAILPOOL, we look forward to continuing to be part of the strategic and green development of the company. In a challenging market environment due to the geopolitical situation, we, together with all partners and investors involved, have very successfully set the course for the further growth of the company," explains Olivier Desfontaines, Global Head of Rail Sector at Crédit Agricole CIB.
"With this large-volume financing, we are pleased to be able to support our long-standing valued customer RAILPOOL, in whose foundation we were already involved, in another milestone in its growth process," says Andreas Ufer, Member of the Management Board of KfW IPEX-Bank. "At the same time, we are underlining our position as one of the leading financiers of rail transport projects in Europe."
The private placement was implemented by Crédit Agricole CIB with six investors. In addition to Crédit Agricole CIB and KfW IPEX-Bank as core banks, eight other institutions are involved in the bank financing. Legal advice on this transaction was provided by the law firms CMS Hasche Sigle for RAILPOOL and Watson Farley & Williams for the banks and institutional investors.
Source: RAILPOOL Infocenter