RAILPOOL secures large-volume growth financing
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.
"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."
Ingo Wurzer
Chief Financial Officer of RAILPOOL GmbH
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 4,000 different spare parts and components.
“We at CACIB are honored that Railpool has entrusted our Bank for the fifth time in a row and over many years to secure this large scale financing. As a steadily growing asset heavy company, sourcing funds at the utmost optimal cost is a vital need. Thanks to our underwriting capacity coupled with the professional syndication network we were able to support this important franchise client.”
Karl-Ulrich Clausen
Head of ERA Rail Germany
For more information, visit www.railpool.eu Will open in a new tab
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