Watson Farley & Williams (“WFW”) advised KfW IPEX-Bank (“KfW IPEX”) and Crédit Agricole Corporate and Investment Bank (“Crédit Agricole CIB”) acting as lenders on a €460m large-volume growth financing granted to the Railpool Group (“Railpool”).
The package comprises a new €400m CAPEX facility under a common terms platform, for which KfW IPEX and Crédit Agricole CIB acted as bookrunners and underwriters with each providing debt in the same amount, and a €60m revolving credit facility with KfW IPEX as sole lender. The term of both loans is seven years.
Munich-based Railpool is one of Europe’s leading rail vehicle rental companies with activities in 19 countries. Its fleet of over 600 electric and hybrid locomotives and 148 passenger coaches covers more than 85 million KM a year, making an important contribution to the shift from road to rail.
The WFW Frankfurt Assets & Structured Finance team that advised the banking consortium was led by Partner Frederik Lorenzen, supported by Senior Associate Alexander Piepenbrock and Associate Müyesser Demirel.
Frederik commented: “We are delighted to have advised our clients on this forward-looking financing on the Railpool common terms platform. This mandate once again underlines WFW’s outstanding expertise in infrastructure finance, especially as relates to rail”.
