RAILPOOL secures
large-volume growth financing
RAILPOOL secures large-volume growth financing
- New EUR 400 million CAPEX facility and EUR 60 million revolving credit facility to finance further growth
- Arrangement and financing under existing financing platform by KfW IPEX-Bank and Crédit Agricole Corporate and Investment Bank
Munich, 17 July 2024 – RAILPOOL, one of Europe’s leading rail vehicle lessors, secured further funding for its continued growth in June 2024. 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.
About RAILPOOL
RAILPOOL is one of the leading rail vehicle rental companies with genuine expertise in full service from a single source. The company was founded in Munich in 2008 and is now active in 19 European countries.
With more than 600 electric and hybrid locomotives and 148 passenger vehicles (with an investment of 2.6 billion euros), RAILPOOL is one of the largest providers in Europe. The RAILPOOL fleet covers 85,000,000 kilometers every year and makes an important contribution to the modal shift to rail. RAILPOOL has six workshops of its own and a warehouse with more than 4,500 different spare parts and components.
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