RAILPOOL secures new financing structure
for planned growth
RAILPOOL secures new financing structure for planned growth
May 16, 2022
- Refinancing and expansion of existing financing from bank syndicate and institutional investors ensures balanced financing mix
- Private placements with European investors are designed as green financing
- Flexible CAPEX facility enables strategic further development of growth course
RAILPOOL, one of Europe’s leading rail vehicle lessors, extended its existing financing in April 2022 and secured further funds for the company’s planned growth. The new financing structure, with a total volume of around €1.07 billion, consists in equal parts of the refinancing of 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 facilitate further growth.
Ingo Wurzer, CFO with 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 journey on a broader base.”
During 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 company’s strategic and green development in the future. 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 bei Crédit
Agricole CIB.
“With this large-volume financing, we are pleased to be able to support our long-standing valued client RAILPOOL, in whose foundation we were involved, in another milestone in its growth process,” says Andreas Ufer, member of the Management Board of KfW IPEX-Bank. “At the same time, this underlines 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.
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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